Russian Federation - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHot-Rolled Steel Products Price in Russia - 2022
Contents:
- Hot-Rolled Steel Products Price in Russia (FOB) - 2022
- Hot-Rolled Steel Products Price in Russia (CIF) - 2022
- Hot-Rolled Steel Products Exports in Russia
- Hot-Rolled Steel Products Imports in Russia
Hot-Rolled Steel Products Price in Russia (FOB) - 2022
The average hot-rolled steel products export price stood at $638 per ton in 2022, reducing by -11.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 63% against the previous year. As a result, the export price reached the peak level of $724 per ton, and then reduced in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($763 per ton) and Poland ($744 per ton), while the average price for exports to Vietnam ($559 per ton) and Slovenia ($565 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Hot-Rolled Steel Products Price in Russia (CIF) - 2022
The average hot-rolled steel products import price stood at $1,008 per ton in January 2022, increasing by 7.2% against the previous month. Over the period under review, import price indicated a perceptible expansion from January 2021 to January 2022: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, hot-rolled steel products import price increased by +7.2% against December 2021 indices. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 21% against the previous month. The import price peaked at $1,367 per ton in August 2021; however, from September 2021 to January 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($3,168 per ton), while the price for Ukraine ($775 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Hot-Rolled Steel Products Exports in Russia
In 2022, shipments abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) decreased by -15.9% to 6.4M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports reached the peak of 7.7M tons, and then fell significantly in the following year.
In value terms, hot-rolled steel products exports dropped rapidly to $4.1B in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 107% against the previous year. As a result, the exports attained the peak of $5.5B, and then dropped significantly in the following year.
Export of Hot-Rolled Steel Products in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 738 | 548 | 1,217 | 924 | 7.8% |
Italy | 152 | 112 | 314 | 393 | 37.3% |
Latvia | 117 | 85.7 | 198 | 358 | 45.2% |
Mexico | 23.0 | 70.9 | 108 | 350 | 147.8% |
Poland | 278 | 220 | 522 | 282 | 0.5% |
Uzbekistan | 211 | 159 | 300 | 276 | 9.4% |
Belarus | 180 | 171 | 364 | 252 | 11.9% |
Vietnam | 131 | 297 | 456 | 189 | 13.0% |
Kazakhstan | 215 | 164 | 226 | 177 | -6.3% |
Netherlands | 6.2 | 22.6 | 213 | 161 | 196.1% |
Algeria | 21.5 | 39.6 | 30.1 | 133 | 83.6% |
Spain | 18.8 | 21.6 | 5.3 | 102 | 75.7% |
Slovenia | N/A | N/A | 4.5 | 73.3 | 1528.9% |
Others | 841 | 770 | 1,588 | 444 | -19.2% |
Total | 2,932 | 2,682 | 5,545 | 4,114 | 12.0% |
Top Export Markets for Hot-Rolled Steel Products from Russia in 2022:
- Turkey (1600.0K tons)
- Italy (590.7K tons)
- Mexico (552.0K tons)
- Latvia (511.1K tons)
- Uzbekistan (413.1K tons)
- Belarus (394.8K tons)
- Poland (379.1K tons)
- Vietnam (338.6K tons)
- Kazakhstan (287.0K tons)
- Algeria (234.3K tons)
- Netherlands (210.4K tons)
- Spain (148.6K tons)
- Slovenia (129.8K tons)
Hot-Rolled Steel Products Imports in Russia
In 2022, imports of flat-rolled products of iron or steel (not further worked than hot-rolled) into Russia contracted sharply to 1.5M tons, which is down by -17.9% on the year before. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.
In value terms, hot-rolled steel products imports declined significantly to $1.2B in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 85%.
Import of Hot-Rolled Steel Products in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 504 | 306 | 567 | 544 | 2.6% |
Kazakhstan | 653 | 259 | 625 | 383 | -16.3% |
Indonesia | 6.1 | 23.3 | 25.0 | 54.4 | 107.4% |
Germany | 143 | 20.0 | 18.9 | 8.3 | -61.3% |
Others | 277 | 234 | 320 | 208 | -9.1% |
Total | 1,583 | 843 | 1,556 | 1,197 | -8.9% |
Top Suppliers of Hot-Rolled Steel Products to Russia in 2022:
- Ukraine (801.8K tons)
- Kazakhstan (563.1K tons)
- Indonesia (24.2K tons)
- Germany (5.4K tons)
This report provides an in-depth analysis of the hot-rolled steel products market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24103110 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, simply hot-rolled, not clad, plated or coated, in coils
- Prodcom 24103130 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, not in coils, simply hot-rolled, not clad, plated or coated, w ith patterns in relief directly due to the rolling process and products of a thickness < 4,75 mm, without patterns in relief
- Prodcom 24103150 - Flat-rolled products, of iron or non-alloy steel, of a width . .600 mm (excluding
- Prodcom 24103210 - Flat-rolled products of iron or non-alloy steel, simply hot-rolled on four faces or in a closed box pass, not clad, plated or coated, of a width of > .150 mm but < .600 mm and a thickness of . 4 mm, not in coils, without patterns in relief, commonly
- Prodcom 24103230 - Flat-rolled products of iron or non-alloy steel, of a width < .600 mm, simply hot-rolled, not clad, plated or coated (excluding
- Prodcom 24103330 - Plates and sheets produced by cutting from hot-rolled wide strip of a width of .600 mm or more, of stainless steel
- Prodcom 24103340 - Plates and sheets produced on a reversing mill (quarto) of a width of .600 mm or more and wide flats, of stainless steel
- Prodcom 241033Z0 - Hot-rolled flat products in coil of a width . .600 mm, of stainless steel
- Prodcom 241034Z0 - Hot-rolled flat products in coil of a width < .600 mm, of stainless steel
- Prodcom 24103510 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, in coils (excluding products of high-speed or siliconelectrical steel)
- Prodcom 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
- Prodcom 24103530 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, not in coils (excluding organic coated products, p roducts of a thickness < 4,75 mm and products of high-
- Prodcom 24103540 - Flat-rolled products of alloy steel other than stainless, of a width . .600 mm, not further worked than hot-rolled, not in coils, of a thickness of < 4,75 mm (excluding products of tool steel, high-speed steel or silicon-electrical steel)
- Prodcom 24103600 - Flat-rolled products of alloy steel other than stainless, of a width of < .600 mm, not further worked than hot-rolled (excluding products of high-speed steel or silicon-electrical steel)
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the top import markets for hot-rolled steel products and discover key statistics on global trade. Learn about the leading countries in this market and their strong demand for steel.
In value terms, metal-rolling mills and rolls therefor imports totaled $X in 2016. Overall, metal-rolling mills and rolls therefor imports continue to indicate a deep slump. In that year, global me...
In value terms, metal-rolling mills and rolls therefor exports stood at $X in 2016. Overall, metal-rolling mills and rolls therefor exports continue to indicate a drastic deduction. In that year, g...
In 2016, approx. X tons of hot-rolled steel were imported worldwide- moving up by X% against the previous year level. Overall, hot-rolled steel imports continue to indicate a relatively flat tren...
In 2016, approx. X tons of hot-rolled steel were imported worldwide- moving up by X% against the previous year level. Overall, hot-rolled steel imports continue to indicate a relatively flat tren...
Explore the top 10 countries by import value of flat-rolled steel coils in 2023. Learn about the key players in the global market for steel coils.
Explore the top import markets for hot-rolled steel products and discover key statistics on global trade. Learn about the leading countries in this market and their strong demand for steel.
In value terms, metal-rolling mills and rolls therefor imports totaled $X in 2016. Overall, metal-rolling mills and rolls therefor imports continue to indicate a deep slump. In that year, global me...
In value terms, metal-rolling mills and rolls therefor exports stood at $X in 2016. Overall, metal-rolling mills and rolls therefor exports continue to indicate a drastic deduction. In that year, g...
In 2016, approx. X tons of hot-rolled steel were imported worldwide- moving up by X% against the previous year level. Overall, hot-rolled steel imports continue to indicate a relatively flat tren...