Consumption of steel products in Ukraine rose to 1.56 million tons in January-May

In January-May 2025, Ukraine increased its consumption of steel products (rolled products and semi-finished products) by 14.5% compared to the same period in 2024, to 1.558 million tons. This is evidenced by data from Ukrmetallurgprom.

Over five months, Ukraine imported 591,800 tons of metal products, which is 25.2% more than in the same period last year. Imports account for 37.9% of the domestic rolled metal consumption market. The share of imports in domestic consumption of metal products increased by 3.24 percentage points year-on-year.

The structure of imports is characterized by a significant dominance of flat rolled products over long products – 76.83% and 21.24%, respectively. In January-May 2024, the dominance of flat rolled products over long products was also significant – 82.09% and 16.12%, respectively.

In total, Ukrainian metallurgists produced 2.06 million tons of rolled products in the first five months of the year, which is 2.4% less than in the same period of 2024. A total of 1.54 million tons of metal products were exported, which is 8.3% less than in the same period last year.

A total of 966,000 tons of rolled products and semi-finished products were sold on the domestic market, which is 8.8% more year-on-year. In January-May, Ukrainian metallurgists increased shipments of products to the domestic market, with exports accounting for 61.5% of total production for the period, compared to 65.4% a year ago.

The share of flat rolled products in export deliveries increased to 46.6% compared to 40.3% a year earlier. The share of long products in export deliveries increased to 20.2% from 12.9%, while the share of semi-finished products fell to 33.2% from 46.8%.

The main export markets for Ukrainian rolled metal products in the first five months of 2025 are the European Union (82.0%), other European countries (8.4%), and the CIS (6.9%). Among steel importers, other European countries rank first (57.7%), followed by the EU-27 (23.5%) and Asian countries (18.3%).

As GMK Center reported earlier, consumption of steel products in Ukraine in 2024 decreased by 6.26% year-on-year – to 3.288 million tons. Over the year, 1.235 million tons of metal products were imported, which is 10.2% more than last year, and about 4.17 million tons of products were exported, which is 39.7% more than last year. Domestic production amounted to 6.22 million tons (+15.8% year-on-year).