Domestic prices for metals used in construction fell 2.9% on average in November

The fall in prices for metals used in construction products averaged 2.9% in November against a 3% growth in October. The decrease in prices averaged 4% for various metal products in November. At the same time, prices for channels, beams and angled remained flat.

These data follow from the dynamics of the consolidated index of prices for rolled products of construction metals, as reported by the Ukrainian Steel Construction Center association.

Prices for metal products in the domestic market went down again, following a rise in October. Specifically, the following trends were recorded in November:

• hot-rolled sheet — minus 4.1% to ₴29.5 thousand/ton,
• hollow sections — minus 3.7% to ₴33 thousand/ton,
• round pipes — minus 3.7% to ₴33.3 thousand/ton.

Prices for channels (₴28.8 thousand/ton), beams (₴31.6 thousand/ton) and angles (₴27 thousand/ton) did not change.

Importantly, prices for metals used in the construction industry rose by 8.4% on average in 11M.

As reported earlier, in 2020, prices for metals used in construction rose by 72.2% on average. Currently, prices for rolled products for construction purposes are going down in the domestic market under the influence of global price trends. Earlier, analysts forecast a drop in prices for metal products in H2 2021.

Interestingly, apparent consumption of steel in Ukraine may increase by 3% to 4.72 million tons in 2021.