In 2025, the consumption of black scrap in Russia may decrease by 20%

09:32; 18 April 2025 year

© сгенерировано ИИ

In 2025, the consumption of black scrap in Russia may decrease to 16-17 million tons, which is minus 20% compared to 2024. Electric steelmaking enterprises produced 23 million tons of steel in 2024, which is one third of the total volume of 70.7 million tons. According to the forecasts of the NKR, The main problems of the industry are related to low scrap prices (19 thousand rubles/ton versus 30 thousand rubles/ton a year earlier), export restrictions by quotas (1.5 million tons) and high duties (up to euro290/ton). Additionally, the situation is complicated by lower rental prices, competition with alternative materials, deterioration of scrap-harvesting infrastructure, weak business activity and high interest rates. The global market is also experiencing difficulties due to a possible surplus of scrap amid a slowdown in production in China and the United States.

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