The Ukrainian Metal

Ukrainian steel market in 9 months shrinks by 41% YoY

According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to September 2009 Ukraine steel market was down by 41.1% YoY to about 4.165 million tons.
During the period in question, the share of imports in the domestic market decreased from 20% YoY to 12% YoY amounting to 527,900 tons of steel products.

In January to September 2009 Ukraine primary steel market capacity, excluding pipes, was as follows, in million tones:

Product

January-September 2008

January-September 2009

Change

Rebar

0.911

0.373

-59.1

Beam

0.091

0.030

-67.5

Wire rod

0.525

0.355

-32.3

HRC

2.372

1.423

-40

CRC

0.440

0.215

-51.1

Angle

0.263

0.114

-56.8

Channel

0.220

0.109

-50.2

Others

2.253

1.546

-31.4

Market capacity

7.075

4.165

-41.1


Just as in the corresponding period of the previous year, in January to September this year the biggest share in Ukrainian domestic rolled steel product consumption was held by hot-rolled coil, with more than a third of the total volume at 34.17% followed by rebar and wire rod, with 8.95% and 8.52% respectively.
In January to September 2009, Ukraine‘s  main consumer of steel remained the pipe sector which increased its share of overall consumption in the domestic steel market from 24.7% to 27.3% while the local metal trade sector which occupied first place in January to September 2008 saw its share decrease from 34.5% to 25.4%. (SteelOrbis)


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