Exclusive Consumption of painted rolled products in Ukraine to grow by 5.4% y/y in 2024

Ukrainian producers increased output by 48% last year, which allowed them to take 30% of the market

Visible consumption of polymer-coated rolled products in Ukraine at the end of last year amounted to 292.2 thousand tons, which is 5.4% more than in 2023 (277.3 thousand tons). This figure is still 20-25% below the pre-war level.

This was told by Denis Risukhin, director of Metipol, during an open meeting of the Committee on Roofing, Facade Structures and LSTK of the Association “Ukrainian Steel Construction Center”.

Domestic production of painted rolled products in 2024 increased by 48% compared to 2023 – up to 87.7 thousand tons. The share of domestic producers in the market is 30%. Over the past three years, this indicator has increased more than 2.5 times (in 2021 – 13.2%). At the end of last year, Ukrainian producers exported 8.1 thousand tons of products (38% y/y). At the same time, the workload of five Ukrainian manufacturing plants remains insufficient, as their total production capacity is 250 thousand tons.

Imports of polymer-coated rolled products in 2024 amounted to 204.5 thousand tons, which is 6.1% less compared to 2023.

“The most significant factor that led to a dramatic change in the market structure was the introduction of anti-dumping duties on products from China in 2023. The share of this most popular metal fell 20 times in one year. If in 2023 Chinese metal accounted for 35% of the market, in 2024 it will account for only 1.6%. In 2024, the market leader in terms of metal origin is European rolled products,” said Denys Risukhin.

The share of European rolled products with polymer coating in the total volume of the Ukrainian market amounted to 36% (+2 p.p. to 2023), and the total volume of consumed metal at the end of last year -104.5 thousand tons. Among the largest suppliers – ArcelorMittal – 60% and U.S. Steel Kosice – 25%.

According to him, Turkey (24 thousand tons) and South Korea (23 thousand tons) occupy about 8% of the market. Among the advantages of Turkish products are attractive price and convenient logistics. South Korea supplies quality products with a more attractive price than European steel.

As GMK Center reported, the volume of consumption of polymer-coated rolled products in 2023 increased by 82% y/y – to 277 thousand tons, domestic production increased by 60% y/y – to 65 thousand tons. – to 65 thousand tons.