According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January-August this year Ukraine's steel market capacity registered a 42.9 percent decrease year on year to about 3.643 million mt.
In August this year steel product deliveries in the Ukrainian domestic market amounted to 600,000 mt. "Since October 2008 this is the maximum index of the monthly volumes of the steel product deliveries to the domestic market. Compared to August 2008, the volume of deliveries decreased by just 6.1 percent," reads the company's statement.
In January-August 2009 Ukraine's primary steel market capacity, excluding pipes, was as follows:
Product | Jan-Aug 2008 (mt) | Jan-Aug 2009 (mt) | Change (mt) | Change (%) |
844,027 | 327,676 | -516,351 | -61.2 | |
Beam | 83,217 | 25,062 | -58,156 | -69.9 |
491,921 | 310,240 | -181,682 | -36.9 | |
2,128,686 | 1,271,107 | -857,579 | -40.3 | |
394,395 | 183,201 | -211,194 | -53.5 | |
Angle | 231,110 | 101,949 | -129,161 | -55.9 |
Channel | 197,155 | 86,331 | -110,824 | -56.2 |
Others | 2,005,420 | 1,337,313 | -668,107 | -33.3 |
Market capacity | 6,375,931 | 3,642,879 | -2,733,052 | -42.9 |
Just as in the corresponding period of the previous year, in January-August this year the biggest share in Ukrainian domestic rolled steel product consumption was held by hot rolled coil - more than a third of the total volume, followed by rebar and wire rod - with nine percent and 8.5 percent respectively.
In January-August 2009, Ukraine's main consumer of steel remained the pipe sector, which increased its share of overall consumption in the domestic steel market from 23.8 percent to 28 percent, while the local metal trade sector, which occupied first place in 2008, saw its share decrease from 35.1 percent to 25.1 percent.