Domestic prices for metals used in the construction industry dropped 11.6% in September

The fall in prices for metals used in construction products averaged 11.6% in September against 3.2% in August. Prices for various types of metal products decreased by 5–13% on average in September. However, due to the growth at the beginning of the current year, prices for metals used in the construction industry showed an average increase of 8.4% in 3Q.

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.

Since June, prices in the domestic market went down. In September, they decreased as follows:

• hot-rolled sheet — minus 13.1% to ₴30 thousand/ton;
• channels — minus 7.8% to ₴26.7 thousand/ton;
• hollow sections — minus 7.6% to ₴33.6 thousand/ton;
• round pipes — minus 7.1% to ₴33.9 thousand/ton;
• angles — minus 5.8% to ₴26.2 thousand/ton;
• beams — minus 5.1% to ₴30.2 thousand/ton.

Importantly, prices for metals used in the construction industry rose by 43.3% on average in 8M.

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.