Ukrainian steel market shrinks by 47 percent in Jan-July

Monday, 31 August 2009 13:48:29 (GMT+3)   |  
       

According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January-July 2009 deliveries in Ukraine's steel market registered a 47 percent decrease year on year to 3.043 million mt.

Accordingly, during the first seven months of 2009 the biggest decreases year on year in deliveries in the Ukrainian domestic steel market were registered by beams and rebars - down by almost four times and three times respectively. As in 2008, the biggest share in domestic rolled steel product consumption was held by hot rolled coil - more than a third of total volume, followed by rebar and wire rod - with 8.9 percent and 8.6 percent respectively.  

In January-July 2009 Ukraine's primary steel market capacity, excluding pipes, was as follows:  

Product

 Jan-July 2008 (mt)

 Jan-July 2009 (mt) 

 Change (mt)

  Change %

 Rebar

 779,101

270,777

-508,325

-65.2

 Beam

 77,675

19,912

-57,763

-74.4

 Wire rod

 446,231

261,645

-184,586

-41.4

 HRC

 1,930,700

1,079,899

-850,801

-44.1

 CRC

 358,108

155,436

-202,673

-56.6

 Angle

 204,404

87,035

-117,368

-57.4

 Channel

 176,191

73,522

-102,669

-58.3

 Others

 1,764,724

1,094,806

-669,919

-38.0

 Market capacity

 5,737,135

3,043,031

-2,694,104

-47.0

In January-July 2009, Ukraine's main consumer of steel was the pipe sector, which increased its share of overall consumption in the domestic steel market from 23.7 percent to 27.8 percent, while the local metal trade sector, which occupied first place in 2008, saw its share decrease from 35.4 percent to 25.3 percent.


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