In January-July this year, Ukrainian enterprises increased their consumption of rolled metal products by 1.67% year-on-year to 2 million 34.6 thousand tons.
According to a press release issued by Ukrmetallurgprom on Monday, 711.6 thousand tons, or 34.97% of the domestic rolled metal consumption market, were imported during this period.
According to Ukrmetallurgprom, in January-July 2024, steel companies produced 3.728 million tons of rolled metal products (128.4% compared to the same period in 2023), of which, according to the State Customs Service of Ukraine, about 2.405 million tons, or 64.5%, were exported. In January-July 2023, the share of exports amounted to 51.3% (1.490 million tons against a total production of 2.903 million tons of rolled steel).
The share of semi-finished products in export deliveries in January-July 2024 amounted to 46.90%, which is the same as in January-July 2023 (46.11%). The share of flat products in export deliveries in seven months of 2014 is significantly higher than in January-July 2023 (39.83% and 34.77%, respectively). The share of long products is significantly lower than in January-July 2023 (13.26% in 2024 vs. 19.13% in 2023).
“In 7 months of 2024, the domestic market capacity amounted to 2034.6 thousand tons of rolled steel, of which 711.6 thousand tons or 34.97% were imported. In January-July 2023, the domestic market capacity was 2001.2 thousand tons, of which 588.2 thousand tons or 29.39% were imported. Thus, for 7 months of 2024, there is an increase in the domestic market capacity by 1.67% compared to 7 months of 2023, with a simultaneous increase in the share of the import component by 5.58%,” the press release states.
The structure of imports in January-July 2024 is still characterized by a significant dominance of flat products over long products (79.38% and 19.04%, respectively); in January-July 2023, the dominance of flat products over long products was also significant (78.83% and 20.13%, respectively).
According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-July 2024 were the European Union (74.3%), Africa (8.8%) and the rest of Europe (7.6%). Among metallurgical importers in the first seven months of 2024, the first place was taken by other European countries (47.1%), the second by the EU-27 (29.8%), and the third by Asian countries (21.2%).
As reported, Ukraine’s rolled metal market grew 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons.
The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic rolled metal consumption market.
