According to Mr Ruslan Mazhinsky marketing director of UGMK, quantity of steel products imported to Ukraine during 7 months of 2009 decreased by 65% in comparison with the same period of 2008 and made 383,600 tonnes.
It is noticed in the report that the most significant decrease was noticed for flat rolled products for hot rolled down by 88.8%, for cold rolled down by 71% as well as for long products angle down by 83.4%, channel down by 82.7%, beam down by 71.8%. Decrease for steel bar products was not so dramatic rebar and wire down by 23% round bar down by 26.5%.
Mr Ruslan Mazhinsky said the reasons for steel imports decrease merely in 3 times is deprivation of financial and economic situation in the country as well as instability of local currency.
UGMK said in 2009 the main importer is tube industry which expanded its share from 27.3% to 40.5% while steel trading companies narrowed from 34.4% to 24.1%. (SteelGuru)