Ukrainian Mining and Metallurgical Company, a major metals trader, reported that demand for rolled metal products in Ukraine fell by 2.9% YoY in the first quarter of 2012 to 1.693 million tons.
Mr. Vitaliy Kliuchnik, the company deputy CEO for sales, said “We estimate the Ukrainian market for rolled metal products amounted to 1.693 million tons in the first three months of 2012, which is 2.9% less than in the same period of 2011. The secondary market increased by 2% compared to the first three months of 2011 and amounted to 436,200 tons. In the second quarter we expect an increase in demand from the construction segment and growth of the metals trading market of up to 3%.”
Mr. Mladen Peikovich, company CEO, said the trader increased sales of rolled metal products by 58% to 93,900 tons in the first quarter of 2012. (SteelGuru)