Metinvest announced that in the H1 2009 Ukrainian internal market of steel trading was characterized by consumption decrease, growing share of distributing company’s increase of retail sales from metal centers at general sales volume and greater market share of large traders.
Mr Dmitriy Nikolayenko CEO of Metinvest-SMC at the annual Sales Conference, Steel and Rolled Products Division, Metinvest Holding LLC in Donetsk on June 17th to 19th 2009 mentioned that these were the tendencies.
The consumption both at distributors and primary market decrease by 60% in H1 2009. In particular, flat products consumption decreased by 56%, rebar consumption fell by 64%, wire rod consumption made 48% less than in H1 2008.
Mr Dmitriy Nikolayenko also observed the growth of distributors share at the total market of steel sales, from 41% in H1 2008 to 48% in H1 20009. At rebar segment the distributors share grew from 85% to 95%, at the angle segment from 73% to 84% at the I beam from 61% t94% at the channel segment from 75% to 93%. The share of distributing companies at flat products sales decreased from 44% to 33% which was caused by direct sales from steel works to end consumers. (SteelGuru)
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