Ukraine reduces steel consumption in Jan-Oct 2008

Wednesday, 26 November 2008 14:50:53 (GMT+3)   |  
       

According to the preliminary data issued by the Ukrainian Association of Metal Traders, in the first ten months of 2008 the country decreased its steel consumption by nine percent year on year to 7.251 million metric tons. Meanwhile, during the period in question, import of steel products to Ukraine increased by 26.6 percent year on year to 1.707 million mt.

Accordingly, during January-October 2008, the Ukrainian pipe making companies reduced purchases of domestic and imported steel products by 10.7 percent to 1.957 million mt, the construction companies cut purchases by 29.6 percent to 212,854 mt, railway producers - by 77.9 percent to 68,384 mt, and hardware producers - by 13.7 percent to 522,364 mt, all compared with the same period of the last year. Furthermore, Ukrainian steel sellers, including the smaller ones, reduced their purchases by 1.1 percent to 2.412 million mt, mining and metallurgical companies cut their purchases by 0.6 percent to 630,424 mt, while machine building companies decreased purchases by 1.2 percent to 1.336 million mt, all compared with the data for January-October 2007.


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News