Ukrainian rolled steel consumption down 54.5pct in H1
According to the data issued by the Ukrainian Association of Metal Traders in the H1 of 2009 the country registered a 54.5% decrease in rolled steel consumption year on year to approximately 2,196,922 tonnes. Meanwhile, during the period in question, imports of rolled products to Ukraine went down by 75.7%YoY to 258,116 tonnes.
Accordingly, in January to June 2009 the Ukrainian pipe making companies reduced purchases of domestic and imported rolled products by 41.3% to 698,020 tonnes, local construction companies cut purchases by 74.4% to 36,831 tonnes, railway companies down by 28.2% to 41,377 tonnes, and hardware producers down by 52.3% to 176,962 tonnes all compared with the same period of the previous year.
Furthermore, Ukrainian steel traders, including the smaller companies, reduced their purchases of domestic and imported rolled steel products by 65.6% to 574,696 tonnes, mining and metallurgical companies cut their purchases by 22 percent to 352,520 tonnes while machine building companies’ decreased purchases by 70% to 260,801 tonnes all compared with the data for January to June 2008. (SteelOrbis)
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