Consumption of rolled steel in Ukraine fell by 5.6% in 10M 2020

In January–October 2020, Ukrainian steelmakers reduced domestic consumption of rolled products by 5.6% to 3.6 million tons compared to the same period a year earlier.

This was reported by  Ukrmetallurgprom based on its own data and information from ETR-Spektr LLC.

The share of imports in the total volume of the rolled products market in Ukraine was 1.03 million tons, or 28.4%. Compared to 10M 2019, the share of imports shrank by 3.4 pp.

The share of flat products in total imports increased and exceeded that of rolled sections, 56.38% and 42.44% respectively.

The main sources of Ukraine’s imports of rolled products were:

• CIS — 36.2%;
• EU — 25.1%;
• Asia — 21.3%.

In 2019, Ukraine cut domestic consumption of rolled products by 13.1% to 4.7 million tons against the previous year. The share of imports increased by 1.6% y-o-y.