Business news from Ukraine

Business news from Ukraine

Consumption of rolled metal in Ukraine increased by 23% over 7 months – to 2.8 mln tons

10 September , 2025  

In January-July of this year, Ukrainian enterprises increased their consumption of rolled metal by 22.6% compared to the same period last year – to 2 million 813.5 thousand tons.

According to a press release from the Ukrmetallurgprom association, 1 million 42.5 thousand tons, or 37% of the domestic market for rolled metal consumption, were imported during this period.

According to Ukrmetallurgprom, in the first eight months of 2025, metal companies produced 4.256 million tons of rolled metal (98.6% compared to the same period in 2024), of which, according to the State Customs Service of Ukraine, about 2.481 million tons, or 58.3%, were exported. In January-August 2024, the share of exports was 66.1% (2.853 million tons out of a total rolled metal production of 4.318 million tons).

The share of semi-finished products in export deliveries in January-August 2025 is 32.37%, which is significantly lower than in January-August 2024 (46.83%). The share of flat products in export deliveries in January-August 2025 significantly exceeds the figure for January-August 2024 (44.38% and 39.19%, respectively). The share of long products is also significantly higher than in January-August 2024 (23.26% in 2025 vs. 13.99% in 2024).

The structure of imports in January-August 2025, as before, is characterized by a significant dominance of flat rolled products over long products (70.24% and 20.96%, respectively); in January-August 2024, the dominance of flat rolled products over long products was also significant (79.73% and 18.80%, respectively).

“In the first eight months of 2025, the domestic market capacity was 2 million 813.5 thousand tons of rolled metal, of which 1 million 42.5 thousand tons, or 37.00%, were imports. In January-August 2024, the domestic market capacity was 2 million 298.2 thousand tons, of which 833.2 thousand tons, or 36.25%, were imported. Thus, in January-August 2025, there was an increase in the capacity of the domestic market relative to January-August 2024 by 22.60%, with a simultaneous increase in the share of imports by 0.75%,” the press release states.

According to the State Customs Service, the main export markets for Ukrainian rolled metal products in the first eight months of 2025 were the European Union (81.4%), other European countries (8.5%), and the CIS (6.6%).

Among metallurgical importers in January-August 2025, other European countries ranked first (52.7%), followed by the EU-27 (23.5%) and Asian countries (18.2%).

As reported, Ukraine’s rolled metal market in 2024 shrank by 6.26% compared to the previous year, to 3 million 288.4 thousand tons, while in 2023 it increased 2.19 times compared to 2022, to 3 million 505.6 thousand tons.