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Russia's steel export prices keep falling amid rising freight rates, weak demand

Source: Mysteel Sep 01, 2025 14:30

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Export prices for Russian steel products continued to fall in August under pressure from rising sea freight costs and weak global demand.

According to Russia's rating agency Rusmet, by mid-August the cost of steel billets in Black Sea ports fell to $440-445/tonne (FOB), reaching its lowest levels since late 2022 to early 2023. And analysts allow for a further decline in prices to $429-430/t. The negative dynamics are due to a reduction

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