Business news from Ukraine

Business news from Ukraine

Ukraine’s rolled steel market almost doubled in January-September

15 October , 2023  

In January-September of this year, Ukrainian enterprises increased their consumption of rolled metal products by 92.96% compared to the same period last year, up to 2 million 604.9 thousand tons.

According to a press release issued by Ukrmetallurgprom, 818.9 thousand tons, or 31.44% of the domestic rolled metal consumption market, were imported during this period.

According to Ukrmetallurgprom, in January-September 2023, Ukrainian steelmakers produced 3.93 million tons of rolled steel (83% compared to the same period in 2022), of which, according to the Expert and Scientific Council of UAVtormet, about 2.14 million tons, or 54.4%, were exported. In the same period of 2022, the share of exports amounted to 79.9% (3.78 million tons with a total production of 4.73 million tons of rolled metal products).

The share of semi-finished products in export deliveries for 9M2023 amounted to 43.16%, which is comparable to the same period in 2022 (44.05%). The share of flat products in exports in 9M2023 is slightly lower than in January-September 2022 (36.58% and 37.84%, respectively). The share of long products in export deliveries for 9M2023 is significantly higher than in the same period of 2023 (20.25% in 2023 vs. 18.11% in 2022).

“In January-September 2023, the domestic market capacity amounted to 2604.9 thousand tons of rolled steel, of which 818.9 thousand tons, or 31.44%, were imported. In the same period of 2022, the domestic market capacity amounted to 1350 thousand tons, of which 401 thousand tons, or 29.7%, were imported. Thus, for 9 months of 2023, there was an increase in the domestic market capacity by 92.96% compared to January-September 2022, with a simultaneous increase in the share of the import component by 1.73%,” the press release states.

The structure of imports in January-September 2023 is characterized by a significant dominance of flat products over long products (75.48% and 24.45%, respectively); in the same period of 2022, the dominance of flat products over long products was also significant (62.57% and 36.06%, respectively).

According to UAVtormet, the main export markets for Ukrainian steel products in January-September 2023 were the European Union (84.0%) and the rest of Europe (6.8%).

Among metallurgical importers in 9 months of 2023, the first place is occupied by other European countries (38.9%), the second – by the EU-27 (38.5%), and the third – by Asian countries (20.3%).