Ukraine’s rolled steel product consumption rises by 36.2 percent in H1

Friday, 16 July 2010 16:39:05 (GMT+2)

According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the first half of this year Ukraine consumed 2.93 million mt of rolled steel products, up 36.2 percent year on year.

In June 2010, Ukraine's consumption of rolled steel products decreased by 7.7 percent compared to May and rose by 26.9 percent compared to June last year.

In H1 this year, the share of imports in the domestic rolled steel product market amounted to 20 percent, up from 12.8 percent in the same period last year.

The biggest increase was seen in the consumption of angles, rising by 49.4 percent year on year in H1 2010. Meanwhile, rebar consumption, which saw a two percent decrease year on year in January-April 2010, increased by 11.5 percent year on year in January-June this year, and rose by eight percent in June compared to May and by more than 50 percent compared to June 2009. The consumption of cold rolled sheet in June this year increased by 13.8 percent compared to May and by 53.1 percent compared to June 2009.

During the first half of this year, UGMK noted the increase of the share of ‘other rolled steel products' in Ukraine's total volume of rolled steel product consumption to 36.9 percent from 25.5 percent in the same period last year, mainly due to the rise of 5.5 percentage points in the share of round billet, the increase of 1.3 percentage points in the share of square billet, and the rise of 1.2 percentage points in the share of round bar. At the same time, during the period in question, UGMK noted a significant decrease of seven percentage points in the share of hot rolled steel and a drop of 1.9 percentage points in the share of rebar.

In January-June this year, Ukraine's biggest consumers of rolled steel were the metal trade sector, shipments to which amounted to 28.3 percent of total rolled steel product deliveries, followed by the pipe sector, with its share of overall consumption in the domestic rolled steel market amounting to 26.2 percent, and machine building, with a share of 17.9 percent.

In January-June 2010, Ukraine's consumption of rolled steel products, excluding pipes, was as follows:       

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