Prices for ferrous and non-ferrous metallurgical products in Russia have shown a stabilizing trend after a period of fluctuations, with a noticeable decline reported by industry officials. Viktor Evtukhov, who serves as Deputy Head of the Ministry of Industry and Trade, spoke to reporters through TASS to outline the current pricing landscape and its implications for public and private sector projects alike. The shift suggests that steel and related materials are moving toward a more predictable cost environment, empowering builders and manufacturers to plan with greater confidence.
In his remarks, Evtukhov commented on the path to price balance for steel products. He emphasized that the present level reflects collaborative efforts between the ministry and the metallurgical sector to align market prices with reality on the ground. This stabilization provides a usable reference point for calculating budgets for new state and municipal projects, as well as for private construction and large-scale infrastructure undertakings. The implication is that a consistent price baseline helps reduce financial uncertainty in procurement and contract planning across government and industry sectors.
The deputy secretary also noted progress in decoupling non-ferrous metal pricing from London stock exchange quotations. By implementing such strategies, the ministry aims to shield domestic consumption from global price volatility and ensure more reliable supply terms for manufacturers and builders in Russia. In parallel, discussions with several Russian producers have yielded agreements on fixed domestic prices for steel products, reinforcing price stability within the national market and supporting long-term planning across construction cycles.
Historical context remains relevant for understanding present dynamics. Earlier analyses highlighted how metal prices in Russia, including the costs associated with housing development, surged markedly in the year 2021, with a substantial rise compared to 2020. For instance, the price tag on commonly used rebar, particularly the 16 millimeter diameter variety, climbed by well over a hundred percent during that period. This rapid escalation underscored how material costs can influence housing affordability and project viability, prompting policymakers and industry leaders to seek mechanisms for stabilizing prices and safeguarding domestic construction programs. The current trend toward price moderation can be viewed as part of a longer effort to reconcile market signals with the needs of developers, municipal authorities, and home buyers across the country.