Starting since 2019, world production steel has been in the range of 1,880-1,899 million tons, if we exclude the period of increased demand for steel products in 2021, caused by the Lokdown of 2020. In 2024, the steel smelting decreased by 0.9% g/g, to 1,883 million tons. month. 2025 by -1.7% g/g. At the same time, of the 10 largest countries, only India and Iran (see the lower schedule) demonstrate the growth of smelting, and according to the results of 2024 the production increased India, Brazil, Turkey and Germany. Given the scale of Chinese metallurgy, a decrease in production in the Middle Kingdom by 2.5% g/g in 8 months. 2025 (-1.4% g/g in 2024) had a key influence on the decline in the world steel market.
, under the conditions of a surplus of supply and demand for demand for steel, the main competitive advantage is a low level of production cost. Russian companies have this advantage that, together with the further weakening of the national currency to 84-90 rubles/dollars predicted in October-December, can lead to an increase in the profitability of export supplies.
