Tendencies of Russia steel products export and import in 2017–2018

Abstract

Russia is a big producer and exporter of ferrous metals. Countries of CIS, Europe, Middle East, North Africa and North America are the main markets of Russian ferrous metallurgy products sale. Main indices of Russian steel industry operation quoted. Tendencies in external trade by steel products considered. Dynamics of steel products export and import in 2017–2018 shown. Average prices of export and import operations quoted, as well as data on consumption, the structure of Russian steel products export and import presented by main regions and kinds of rolled products. It was shown, that the structure of the Russian steel products export remains the same within a series of years and is characterized by a high share of semi-products. In the first half of 2018 the steel rolled products export growth was about 4%. Intensive development of steel industry in many countries of the world, particularly in those being net importers of steel products, as well as sanctions against steel products of Russian origin from EC and USA countries will impact on the volume of steel products export from Russia. Internal consumption of steel rolled products has grown in Russia. The increased demand is satisfied by an increase of domestic production, some decrease of export and growth of import. To maintain the competiveness of Russian steel industry at both domestic and international markets it is necessary to continue the modernization of plants, to provide the domestic demand from the steel-consuming industries side.