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In December, Russian steel mills' rebar shipments are expected to rebound slightly. Supply will be primarily supported by export sales, while domestic shipments will remain largely stable with limited changes.
Total Russian rebar production for the month is projected at 828,000 tons, a 4% increase month-on-month. Exports are expected to increase by approximately 13% to 207,000 tons. B35A440 Non oriented electrical steel, Towards the end of the year, improved demand in some neighboring overseas markets allowed Russian steel mills to secure additional export deals through competitive pricing.
In contrast, domestic rebar shipments only increased slightly by about 1%, reaching 520,000 tons. Domestic demand remained weak, failing to show the usual pre-holiday recovery and falling short of market participants' expectations. B35A440 Non oriented electrical steel, High benchmark interest rates, limited financing channels, and the absence of preferential mortgage policies continued to suppress real estate sales, thus affecting demand for construction steel.
According to DOM.RF data, as of early December, approximately 68% (about 81.7 million square meters) of residential projects under construction in Russia remained unsold. Against this backdrop, construction companies faced increased financial pressure, leading not only to delays in the delivery of completed projects but also to the postponement of new project launches. The Deputy Minister of Construction, Housing and Public Utilities of Russia stated that in the first 10 months of 2025, a total of 3,882 multi-family residential construction permits were issued nationwide, with a total construction area of approximately 29.6 million square meters, a year-on-year decrease of 22.5%. As a result, the actual consumption of rebar by the construction industry continued to be under pressure.
Weak demand is also reflected in sluggish secondary market transactions and intensified competition among traders. Price pressures are forcing traders to minimize their primary market purchases to avoid further increasing their financial burden at the end of the year.
Data shows that from January to November 2025, Russia's cumulative rebar shipments were slightly above 9.2 million tons, a year-on-year decrease of 2%. B35A440 Non oriented electrical steel, Of this, domestic shipments were approximately 6.51 million tons, a year-on-year decrease of 12%; while export shipments were approximately 2.7 million tons, a significant year-on-year increase of 31%, demonstrating the crucial supporting role of exports for the industry in the current market environment.
