Ukraine’s rolled steel product consumption rises 36.6 percent in Jan-Sept

According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in January-September this year Ukraine consumed about 4.905 million mt of rolled steel products, up 36.6 percent year on year.

In September, Ukraine's consumption of rolled steel products increased by 3.9 percent compared to August and rose by 56.9 percent compared to September last year.

In January-September this year, the share of imports in the domestic rolled steel product market amounted to 23.2 percent, up from 16.9 percent in the same period last year.

The biggest increases were seen in the consumption of angles and cold rolled sheet, rising by 32.3 percent and 31.1 percent year on year respectively in January-September 2010.

Meanwhile, in September, rebar deliveries increased by 38.1 percent year on year and by 38.13 percent month on month.

During the first nine months of this year, UGMK noted the increase of the share of ‘other rolled steel products in Ukraine's total rolled steel product consumption to 53 percent from 43 percent in the same period last year, mainly due to the rise of 4.3 percentage points in the share of round billet, the increase of 1.5 percentage points in the share of round bar, and the rise of 0.8 percentage points in the share of square billets.

In January-September this year, Ukraine's biggest consumers of rolled steel were the metal trade sector, shipments to which amounted to 28.8 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 25.5 percent, and machine building, with a share of 16.8 percent.

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