Iron and Steel Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

The highest price for one metric ton of reinforcing steel in Russia was observed in the Far Eastern federal district in the first quarter of 2021 at ****** Russian rubles. Reinforcing steel price was more than ************* Russian rubles lower in the Volga federal district.

Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data was reported at 284.660 RUB in Jan 2019. This records an increase from the previous number of 279.450 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data is updated monthly, averaging 132.160 RUB from Jan 1997 (Median) to Jan 2019, with 265 observations. The data reached an all-time high of 284.660 RUB in Jan 2019 and a record low of 20.710 RUB in Jul 1997. Russia Avg Consumer Price: Metal Ware: Utensils Set: Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

Hot-Rolled Steel Products Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

In 2023, approx. 96 tons of hot-rolled bars in free-cutting steels were exported from Russia; shrinking by -81.5% compared with 2022 figures.

Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data was reported at 2,221.700 RUB in Jan 2019. This records a decrease from the previous number of 2,288.370 RUB for Dec 2018. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data is updated monthly, averaging 1,650.490 RUB from Jan 2004 (Median) to Jan 2019, with 181 observations. The data reached an all-time high of 2,312.620 RUB in Dec 2016 and a record low of 1,111.490 RUB in Jan 2004. Russia Avg Consumer Price: Construction Materials: Sink of Stainless Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA013: Average Consumer Price: Construction Materials.

Steel Railway Material Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Cold-Rolled Steel Products Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Russia Avg Consumer Price: Metal Ware: Steel Pot data was reported at 793.020 RUB in Jan 2019. This records an increase from the previous number of 767.210 RUB for Dec 2018. Russia Avg Consumer Price: Metal Ware: Steel Pot data is updated monthly, averaging 228.840 RUB from Jan 1995 (Median) to Jan 2019, with 289 observations. The data reached an all-time high of 793.020 RUB in Jan 2019 and a record low of 8.150 RUB in Jan 1995. Russia Avg Consumer Price: Metal Ware: Steel Pot data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA008: Average Consumer Price: Furniture and Ware.

168 Global export shipment records of Steel Bar with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Russia Average Purchasing Price: Construction Materials: OKPD2: Hot Rolled Reinforcing Steel data was reported at 39,557.990 RUB/Ton in Jan 2019. This records a decrease from the previous number of 40,296.260 RUB/Ton for Dec 2018. Russia Average Purchasing Price: Construction Materials: OKPD2: Hot Rolled Reinforcing Steel data is updated monthly, averaging 36,137.170 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 42,085.780 RUB/Ton in Oct 2018 and a record low of 32,483.210 RUB/Ton in Jul 2017. Russia Average Purchasing Price: Construction Materials: OKPD2: Hot Rolled Reinforcing Steel data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.EB009: Construction Price: Purchased Materials.

Price for Hot-Rolled Steel Bar and Rod in Russia - 2022. Find the latest marketing data on the IndexBox platform.

In 2023, non-alloy steel i-sections exports from Russia skyrocketed to 61K tons, growing by 42% compared with the previous year.

Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Hot-Deformed data was reported at 60,911.440 RUB/Ton in Jan 2019. This records a decrease from the previous number of 63,778.900 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Hot-Deformed data is updated monthly, averaging 59,045.980 RUB/Ton from Jan 2017 to Jan 2019, with 25 observations. The data reached an all-time high of 63,778.900 RUB/Ton in Dec 2018 and a record low of 53,462.360 RUB/Ton in Feb 2017. Russia Avg Producer Price: OKPD2: Metallurgy: Steel Pipes: Seamless: Hot-Deformed data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB018: Average Producer Price: Metallurgy.

Price for Iron and Steel Wire in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Iron or steel can imports into Russia soared to 68M units in 2023, rising by 27% compared with 2022.

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Steel Market Size 2025-2029

The steel market size is valued to increase USD 307.4 billion, at a CAGR of 4.5% from 2024 to 2029. Urbanization and infrastructure development will drive the steel market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 67% growth during the forecast period.
By Type - Flat steel segment was valued at USD 797.80 billion in 2023
By Application - Structural steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 28.76 billion
Market Future Opportunities: USD 307.40 billion
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a significant player in the industrial sector, with a current size of over 1,300 million metric tons in annual production. This market's expansion is primarily driven by urbanization and infrastructure development, as steel is a crucial component in constructing buildings, bridges, and transportation systems. Additionally, there is a growing trend toward sustainable steel production, as companies seek to reduce their carbon footprint and meet increasing environmental regulations. However, the market faces challenges from trade barriers and protectionist policies, which can disrupt global supply chains and impact pricing. These issues can lead to volatility in the market and create uncertainty for businesses.
Despite these challenges, the steel industry continues to evolve, with innovations in production methods and materials driving efficiency and cost savings. As the world's population grows and urbanizes, the demand for steel is expected to remain strong, making it an essential commodity for businesses across various industries.

What will be the Size of the Steel Market during the forecast period?

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How is the Steel Market Segmented ?

The steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Flat steel
  Long steel


Application

  Structural steel
  Automotive steel
  Electrical steel
  Packaging steel


End-user

  Construction
  Transportation
  Machinery
  Metal goods
  Others


Method

  Basic oxygen furnace
  Electric arc furnace
  Open hearth furnace


Geography

  North America

    US
    Mexico


  Europe

    Germany
    Italy
    Russia


  Middle East and Africa

    Turkey


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The flat steel segment is estimated to witness significant growth during the forecast period.

In the ever-evolving market, flat steel, a significant sector, is characterized by its versatility and robustness. This category includes hot-rolled coils (HRC), cold-rolled coils (CRC), galvanized steel, tinplate, and steel plates, each designed to meet specific industrial demands. Hot-rolled steel sheets offer high yield strength and tensile strength, while cold-rolled steel sheets provide improved surface finish and formability. Galvanized steel coatings ensure corrosion resistance, making them ideal for harsh environments. The steel industry continues to innovate, with advancements in heat treatment processes, steel weldability, and microalloyed steel grades. Ductile iron properties and stainless steel grades cater to high-strength applications, while steel forming processes enhance production efficiency.

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The Flat steel segment was valued at USD 797.80 billion in 2019 and showed a gradual increase during the forecast period.

Steel quality control is ensured through non-destructive testing and microstructure analysis. The steel industry's focus on research and development has led to the emergence of high-strength low-alloy steel, which boasts impressive strength-to-weight ratios. A notable example of flat steel's impact is its extensive use in the automotive sector, where it contributes to the manufacturing of body panels and structural components. In fact, the automotive industry accounts for approximately 16% of global steel consumption. As the market continues to evolve, the demand for advanced materials and processing technologies will persist, driving innovation and growth within this essential industry.

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Regional Analysis

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia-Pacific (APAC) region is experiencing significant growth, fueled by industrial expansion, infrastructure devel

Statistics illustrates monthly prices of alloy steel powders in Russia from January 2019 to November 2025.

China continues to hold the global lead in crude steel production, with an estimated ** million metric tons recorded in December 2024. This represented an increase of approximately ** percent compared to its production in December of the previous year. During that time given, India, Japan, the United States, and Russia were far behind China in steel production. China as the global leader With a recorded **** million metric tons of crude steel yield, May 2021 remains the highest production peak for China to date. Since then, the country experiencing significant fluctuations in steel production. China's "zero-Covid" policy, therefore, implementing sequential lockdowns in various cities, caused a significant setback in the steel production network of the country. The government's interventions to eliminate the spread of the virus decreased the steel demand in many lines of work, predominantly in the construction sector. Despite the bottlenecks that China currently faces, the country has remained the global leader in crude steel production. Crude Steel Production Worldwide Production in Russia overall decreased throughout the given months, especially in June 2022; the production volume dropped by ** percent compared to the previous month of 2022. However, high oil prices and government initiatives sustain the steel industry in the country, despite facing severe sanctions due to the Russia- Ukraine war. India saw a notable drop in crude steel production by **** percent between February 2020 and April of that same year. Later, this figure increased to **** million metric tons owing to India’s strong domestic demand for steel. Japan and the United States also suffered a dip in production in April 2020, though not as severe as in India. Since then, steel production in both countries has been weakly increasing, with oscillations. Increased material costs and explicitly hiking interest rates in the United States have been the main reasons for the drawbacks in production in Japan and the US.