The local Ukrainian flat steel market is indicating an unstable trend nowadays due to the extremely tense political situation in the country and the ongoing depreciation of the national currency (UAN) against the US dollar. Thus, local flat steel prices are changing almost every day. Hot dip galvanized (HDG) coil and pre-painted galvanized iron (PPGI) prices in the local market have continued to increase since early February because of weakening of the domestic currency against the dollar and amid more expensive import steel products which are used by local mills as feedstock for their HDG and PPGI production. Therefore, higher production costs have been reflected in domestic mills' offers, with their prices moving up by $20-50/mt for HDG and PPGI.
PPGI and HDG offers in the local Ukrainian market can be found at the following levels:
Product |
Price ($/mt) |
Delivery term |
0.45 mm 140 gr/m² zinc-coated PPGI |
1,420-1,430 |
FCA |
0.45 mm 100 gr/m² zinc-coated PPGI |
1,290-1,300 |
FCA |
0.45 mm 100 gr/m² zinc-coated HDG |
1,060-1,070 |
FCA |
0.5 mm 100 gr/m² zinc-coated HDG |
850-860 |
Ex-works |
*Offers include 20 percent VAT.
Meanwhile, local producers are keeping a close eye on overseas offers, especially from China, which traditionally offers material to Ukraine at lower prices. Accordingly, offers from China to Ukraine are at $1,060-1,080/mt CIF Odessa for 0.45 mm 100 gr/m² zinc-coated PPGI and at $940-960/mt CIF Odessa for 0.45 mm 100 gr/m² zinc-coated HDG.