In June 2025, Russian metalluras for the first time after a year and a half will send a series of hot hot rolls into India at competitive prices.
Russia continued the supply for India for the first time in the past year, Vedomosti reported. According to the May evaluation of Bigmint Analysis Company, in June 2025, Russian manufacturers will send 35, 40 thousand tons of hot rent to Indian customers with the price of $ 460470 per ton on CFR terms. This is the first transaction with India since the end of 2023.
The publication noted that the supply of Russian metallurgers turned out to be 3-5% lower than the prices of Chinese rivals, who sold $ 480 steel485 dollars per ton in May. In recent years, Russia's exports to India have been sagged significantly: in 2023, the volume has decreased by more than 1.6 times and up to 65,237 thousand tons, and in 2024, the supply almost ended.
The market for finished steel products in India is traditionally controlled by China, South Korea and Japan and Russia only appears among suppliers. According to the World Steel Association, the world of steel melting in April 2025 dropped by 0.3% compared to last year, up to 155.7 million tons. In India, in contrast, steel production increased by 5.6% and reached 12.9 million tons, while in Russia, the index decreased by 5.1% to 5.8 million tons.
Earlier, Bloomberg analysts noted that Russian oil import volume into India in April has approached record values in the past two years, reaching 2.15 million barrels a day. India asked Russia to participate in oil exploration in 200 thousand square meters. KM their territory.