Ukraine increased production of rolled steel by 2% over 9 months

Exports accounted for 82.8% of the total rolled steel output

In January to September 2019, Ukrainian steelmaking companies increased production of rolled steel by 2% to 14.09 million tons compared to the same period of the past year.

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

The share of exports in the total rolled steel output was 82.8%, or 11.67 million tons, 1.7% up from January — September 2018.

The share of semi-finished products in exports was 45.95%, 2.17% up from January — September 2018.

The share of flat products in exports over the nine months remained almost at the level of 2018 (33.77% and 34.85% respectively). The same holds true for the share of long products (20.28% and 21.38%).

Domestic consumption of rolled steel amounted to 3.5 million tons, of which 1.08 thousand tons were imported. The level of domestic consumption over the nine months is 5.2% down from the same period of the past year, whereas the share of imports is 1.5% up.

The share of flat products in imports grew and exceeded that of long products, 55.94% against 40.81%.

Ukraine’s main export markets for steel products in January to June were:

• EU (34.1%)
• Africa (17.3%)
• Middle East (11.9%)

Ukraine imported from:

• CIS (48.3%)
• EU (19.6%)
• Asia (18.3%)

As reported earlier by GMK Center, Ukrmetallurgprom expects a 5.4% increase, up to 1.75 million tons, in steel production in November compared to the same period of the past year.