Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route is not fit: analysts Russia’s steel demand may slump 30%, or 13 million mt, year on year in 2022, Russian steelmakers association Russkaya Stal wrote in a letter addressed to the First Deputy Prime Minister Andrey Belousov. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Ferrous metals producers in Russia are facing a significant decrease in domestic demand for their products, which, among other things, is owed to production stoppages within the automotive industry — eight of 14 Russian car plants have been idled, and the cumulative decline in car production may reach 50% this year,” the letter, dated March 28 and seen by S&P Global Commodity Insights, said. Russkaya Stal spokesperson declined […]