Long rolled steel

In 7 months, the EU market reduced the consumption of long rolled products of Ukrainian production by 26.2% y/y

In January-July 2023, the European Union reduced the import of long rolled products from Ukraine by 26.2% compared to the same period in 2022 – to 223.27 thousand tons. This is evidenced by Eurostat’s data.

Hot-rolled rods and bars (HS 7213) were imported the most in 7 months – 120.8 thousand tons, which is 17.7% less compared to January-July 2022. More than 54% of the total volume of Ukrainian long-rolled products imported into the EU accounts for the relevant products.

Also, 66 thousand tons (+38.4% y/y) of carbon steel wire (HS 7217) and 13.82 thousand t (+10.2 times y/y) of bars, and hot-rolled bars made of alloy steel (HS 7227) were delivered to the European market.

The main consumers of hot-rolled rods and bars from Ukraine are Romania and Poland. In 7 months, 49.1 thousand tons of thede products were shipped to the Polish market (-39.6% y/y), and 50.6 thousand tons (+0.2% y/y) – to the Romanian market.

More than 30 thousand tons of carbon steel wire were shipped to Poland (+55% y/y), and 14.94 thousand tons (+49.8% y/y) to Germany. The entire volume of hot-rolled alloy steel rods and bars was shipped to the Polish market.

In July 2023, European consumers imported 18.84 thousand tons of long rolled products from Ukraine, which is 52.4% less compared to June, and 26% less by July 2022, in particular:

  • hot-rolled rods and bars – 6.93 thousand tons (-59.6% m/m; -44.2% y/y);
  • wire – 10.35 thousand tons (+18% m/m; +47.9% y/y);
  • hot-rolled rods and bars from alloy steel – 0.4 thousand tons (-92.5%% m/m; 58.1% y/y);

Most of the products were imported to Poland during the month.

As GMK Center reported earlier, Ukraine in January-June 2023 reduced export of long rolled products by 39.9% compared to the same period in 2022 – to 253.4 thousand tons. In June, Ukrainian steelmakers exported 61.06 thousand tons of long rolled products, which is 5.6% more compared to the previous month and more 28.1% by June 2022.