Apparent consumption of metals in Ukraine may increase by 3% in 2021

After shrinking in 2020 by 1%, to 4.58 million tons, domestic consumption of rolled products may increase to 4.72 million tons

In 2020, apparent consumption of finished rolled products in Ukraine reduced by 1% to 4.58 million tons against the previous year. This year, the domestic market expects an increase in consumption by 3% to 4.72 million tons.

That was stated by Metinvest Holding’s Marketing Director Roman Kurashev at the 9th National Conference of the Steel Construction Market Participants.

The expert also provided an assessment of consumption and a forecast for 2021 as regards certain types of metal products:

• rebar: in 2020, consumption reduced by 11% to 850 thousand tons. In 2021, it is expected to grow by 8% to 950 thousand tons;
• long products: in 2020, consumption reduced by 4% to 326 thousand tons. In 2021, it is expected to grow by 4% to 340 thousand tons;
• rolled tubes: in 2020, consumption reduced by 11% to 525 thousand tons. In 2021, consumption will remain at 525 thousand tons;
• polymer-coated rolled products: in 2020, consumption reduced by 11% to 374 thousand tons. In 2021, it is expected to grow by 2% to 380 thousand tons;
• other coated rolled products: in 2020, consumption reduced by 2% to 414 thousand tons. In 2021, it is expected to grow by 3% to 425 thousand tons;
• hot-rolled products: in 2020, consumption reduced by 7% to 869 thousand tons. In 2021, it is expected to grow by 1% to 875 thousand tons;
• cold-rolled products: in 2020, consumption reduced by 8% to 305 thousand tons. In 2021, it is expected to grow by 11% to 340 thousand tons;
• other rolled products: in 2020, consumption reduced by 10% to 959 thousand tons. In 2021, it is expected to grow by 3% to 935 thousand tons.

As reported earlier, in 2021, the World Steel Association expects a 5.5% surge in steel consumption in the CIS region, including Ukraine.