Globalization is over, protection of the domestic market is the only thing that can save local producers in the EU, USA and Ukraine

News

1
17:06  March 28, 2024
Ussuri Capital plans to build a new steel plant in Romania
All News

Globalization is over, protection of the domestic market is the only thing that can save local producers in the EU, USA and Ukraine


News

1
17:06  March 28, 2024
Ussuri Capital plans to build a new steel plant in Romania
All News

Insights

shutterstock
Dry bulk freight rates fluctuated in March due to volatile trading activity

Steady demand was observed on the Western Australia-China route, which transports iron ore

EU increased exports of long products by 4.1% y/y in 2023

The main consumers of long products in the EU last year were the US, UK and Switzerland

Olexander Kalenkov: “All enterprises in the industry have planned growth of 10-15% in 2024”

Increased output is hampered by logistical difficulties, shelling, staff shortages and lack of a risk insurance mechanism

US-Ukraine: balance of iron and steel trade

Existing trade barriers for Ukrainian steel products limit the possibility of restoring the production of steel enterprises

Pipe production in Ukraine increased by 10.2% y/y in 2023

Sharp growth of imports from China had a negative impact on the work of Ukrainian pipe companies

shutterstock.com
Global rebar prices have fallen sharply since early March

Weak steel demand combined with falling commodity prices weigh on the market

EU reduced exports of flat products by 7.7% y/y in 2023

The main consumers of EU flat products last year were the US, UK and Switzerland

Допомога АрселорМіттал
How ArcelorMittal Kryvyi Rih helped the city’s from the first days of the war

Since the beginning of the full-scale invasion of the Russian Federation, the plamt has been implementing various assistance programs for the city and its residents

shutterstock
Ukraine – China: balance in iron and steel trade

Ukraine has the potential to increase iron ore exports to China, but imports of Chinese coated sheets and pipes threaten local producers

Export ths. tons
Iron ore 23985
Longs 748
Pig iron 1325
Seamless pipes 342
Steel semis 1589
Welded pipes 59
Flats 1644
Ferroalloys 349
Import ths. tons
Coke 359
CRC 38
Pre-painted steel 131
Rebar 43
HDGC 8
Wire rod 17
Tin plate 0
Shaped products 35
Apparent consumption ths. tons
Rebar 368
HDGC 152
Wire rod 215
CRC 215
Shaped products 135
Seamless pipes 67
Pre-painted steel 136
Welded pipes 202
North America
1kt
Canada1 kt
South America
3kt
Argentina1 kt
Chile1 kt
Peru1 kt
EU
306kt
Poland217 kt
Netherlands32 kt
Romania21 kt
Other35 kt
Other Europe
22kt
Turkey20 kt
Bosnia Herzegovina1 kt
UK1 kt
CIS
6kt
Georgia32 kt
Other3 kt
Asia
15kt
China12 kt
Indonesia3 kt
Africa
7kt
Algeria7 kt
Middle East
1kt
United Arab Emirates1 kt
North America
0kt
EU
17464kt
Czechia4373 kt
Poland4216 kt
Slovakia3772 kt
Austria2758 kt
Other2345 kt
Other Europe
808kt
Serbia646 kt
Turkiye162 kt
Asia
5180kt
China4441 kt
Vietnam387 kt
Japan352 kt
Middle East
0kt
Africa
520kt
Algeria367 kt
Egypt153 kt
CIS
22kt
Belarus13 kt
Moldova9 kt
North America
0kt
South America
0kt
EU
528kt
Poland194 kt
Romania191 kt
Lithuania49 kt
Other93 kt
CIS
71kt
Moldova51 kt
Russia13 kt
Other7 kt
Other Europe
1kt
Serbia1 kt
Africa
105kt
Senegal26 kt
Ghana19 kt
Benin12 kt
Other48 kt
Middle East
4kt
Israel3 kt
Saudi Arabia1 kt
EU
91kt
Poland37 kt
Bulgaria 27 kt
Other26 kt
Other Europe
8kt
Serbia4 kt
Turkiye2 kt
UK2 kt
CIS
25kt
Russia21 kt
Belarus2 kt
Other2 kt
Africa
58kt
Egypt12 kt
Ghana10 kt
Cote d'Ivoire9 kt
Other28 kt
Middle East
16kt
Iraq10 kt
Jordan4 kt
Other2 kt
South America
3kt
Haiti3 kt
North America
10kt
USA10 kt
EU
625kt
Poland316 kt
Bulgaria125 kt
Italy79 kt
Other104 kt
Other Europe
270kt
Turkiye217 kt
North Macedonia37 kt
Serbia11 kt
Other6 kt
CIS
194kt
Russia114 kt
Uzbekistan25 kt
Moldova19 kt
Other36 kt
Asia
0kt
Africa
127kt
Egypt38 kt
Tunisia37 kt
Nigeria27 kt
Other24 kt
Middle East
127kt
Iraq49 kt
Israel31 kt
UAE25 kt
Other27 kt
South America
0kt
North America
58kt
Canada37 kt
Mexico21 kt
EU
1153kt
Bulgaria499 kt
Poland285 kt
Italy250 kt
Other 119 kt
Other Europe
268kt
Turkiye214 kt
UK34 kt
North Macedonia19 kt
CIS
3kt
Moldova2 kt
Armenia1 kt
Asia
50kt
China49 kt
India1 kt
Africa
183kt
Egypt90 kt
Libya47 kt
Cameroon26 kt
Other20 kt
Middle East
50kt
Saudi Arabia50 kt
South America
192kt
Dominican Republic98 kt
Costa-Rica52 kt
Columbia43 kt
North America
143kt
USA142 kt
Mexico1 kt
South America
1kt
Brazil1 kt
EU
165kt
Poland61 kt
Germany30 kt
Italy21 kt
Romania16 kt
Other37 kt
Other Europe
34kt
Turkiye30 kt
Serbia4 kt
Switzerland1
CIS
16kt
Moldova5 kt
Azerbaijan3 kt
Other8 kt
Middle East
24kt
UAE7 kt
Saudi Arabia6 kt
Qatar4 kt
Other7 kt
Africa
12kt
Egypt12 kt
Asia
6kt
India6 kt
North America
530kt
USA519 kt
Canada11 kt
South America
0kt
EU
664kt
Poland393 kt
Spain104 kt
Itlay94 kt
Other73 kt
Other Europe
121kt
Turkiye121 kt
CIS
3kt
Moldova3 kt
Asia
0kt
Middle East
7kt
UAE7 kt
100500
Jan
2021
56 kt
Feb
2021
67 kt
Mar
2021
80 kt
Apr
2021
87 kt
May
2021
100 kt
Jun
2021
90 kt
Jul
2021
90 kt
Aug
2021
90 kt
Sep
2021
90 kt
Oct
2021
69 kt
Nov
2021
87 kt
Dec
2021
79 kt
Jan
2022
91 kt
Feb
2022
79 kt
Mar
2022
6 kt
Apr
2022
19 kt
May
2022
39 kt
Jun
2022
64 kt
Jul
2022
55 kt
Aug
2022
55 kt
Sep
2022
52 kt
Oct
2022
60 kt
Nov
2022
56 kt
Dec
2022
54 kt
2000150010005000
Mar
2021
1803 kt
Apr
2021
1770 kt
May
2021
1820 kt
Jun
2021
1890 kt
Jul
2021
1860 kt
Aug
2021
1830 kt
Sep
2021
1666 kt
Oct
2021
1564 kt
Nov
2021
1733 kt
Dec
2021
1660 kt
Jan
2022
1790 kt
Feb
2022
1340 kt
Mar
2022
370 kt
Apr
2022
225 kt
May
2022
429 kt
Jun
2022
384 kt
Jul
2022
277 kt
Aug
2022
335 kt
Sep
2022
310 kt
Oct
2022
349 kt
Nov
2022
335 kt
Dec
2022
247 kt
Jan
2023
384 kt
Feb
2023
353 kt
2000150010005000
Mar
2021
1776 kt
Apr
2021
1850 kt
May
2021
1850 kt
Jun
2021
1870 kt
Jul
2021
1870 kt
Aug
2021
1860 kt
Sep
2021
1704 kt
Oct
2021
1609 kt
Nov
2021
1736 kt
Dec
2021
1660 kt
Jan
2022
1860 kt
Feb
2022
1370 kt
Mar
2022
410 kt
Apr
2022
250 kt
May
2022
354 kt
Jun
2022
295 kt
Jul
2022
281 kt
Aug
2022
366 kt
Sep
2022
340 kt
Oct
2022
318 kt
Nov
2022
313 kt
Dec
2022
106 kt
Jan
2023
284 kt
Feb
2023
424 kt
2000150010005000
Mar
2021
1580 kt
Apr
2021
1680 kt
May
2021
1610 kt
Jun
2021
1606 kt
Jul
2021
1704 kt
Aug
2021
1682 kt
Sep
2021
1507 kt
Oct
2021
1501 kt
Nov
2021
1563 kt
Dec
2021
1490 kt
Jan
2022
1670 kt
Feb
2022
1190 kt
Mar
2022
260 kt
Apr
2022
158 kt
May
2022
512 kt
Jun
2022
229 kt
Jul
2022
211 kt
Aug
2022
248 kt
Sep
2022
254 kt
Oct
2022
289 kt
Nov
2022
222 kt
Dec
2022
108 kt
Jan
2023
257 kt
Feb
2023
334 kt
10009008007006005004003002001000
Feb
2021
753 kt
Mar
2021
852 kt
Apr
2021
764 kt
May
2021
805 kt
Jun
2021
903 kt
Jul
2021
826 kt
Aug
2021
811 kt
Sep
2021
701 kt
Oct
2021
742 kt
Nov
2021
727 kt
Dec
2021
810 kt
Jan
2022
807 kt
Feb
2022
602 kt
Mar
2022
85 kt
Apr
2022
145 kt
May
2022
200 kt
Jun
2022
267 kt
Jul
2022
224 kt
Aug
2022
258 kt
Sep
2022
213 kt
Oct
2022
275 kt
Nov
2022
235 kt
Dec
2022
198 kt
Jan
2023
245 kt
2000150010005000
Jan
2021
1824 kt
Feb
2021
1598 kt
Mar
2021
1721 kt
Apr
2021
1532 kt
May
2021
1742 kt
Jun
2021
1648 kt
Jul
2021
1897 kt
Aug
2021
1573 kt
Sep
2021
1305 kt
Oct
2021
1351 kt
Nov
2021
1747 kt
Dec
2021
1781 kt
Jan
2022
1492 kt
Feb
2022
1556 kt
Mar
2022
1337 kt
Apr
2022
1249 kt
May
2022
825 kt
Jun
2022
522 kt
Jul
2022
657 kt
Aug
2022
609 kt
Sep
2022
360 kt
Oct
2022
375 kt
Nov
2022
181 kt
Dec
2023
313 kt
5000450040003500300025002000150010005000
Jan
2021
3670 kt
Feb
2021
3287 kt
Mar
2021
3615 kt
Apr
2021
3907 kt
May
2021
3906 kt
Jun
2021
3742 kt
Jul
2021
3801 kt
Aug
2021
3771 kt
Sep
2021
3618 kt
Oct
2021
4213 kt
Nov
2021
3800 kt
Dec
2021
3954 kt
Jan
2022
4050 kt
Feb
2022
3560 kt
Mar
2022
1323 kt
Apr
2022
1313 kt
May
2022
1667 kt
Jun
2022
923 kt
Jul
2022
432 kt
Sep
2022
7 kt
Oct
2022
164 kt
Nov
2022
654 kt
Dec
2022
693 kt