Business news from Ukraine

Business news from Ukraine

UKRAINIAN MINING-METAL COMPANY: UKRAINIAN ROLLED METAL PRODUCTS MARKET SEES 35% RISE IN H1 2016

3 August , 2016  

KYIV. Aug 3 (Interfax-Ukraine) – The Ukrainian rolled metal products market grew by 34.8% in January-June 2016 year-over-year, to 1.93 million tonnes, not taking into account pipes or to 2.15 million tonnes with pipe production, private joint-stock company Ukrainian Mining-Metal Company (Kyiv) has said in a press release.

Over the period growth in imported goods supplies was 58%, to 31,000 tonnes.

“In H1 2016, the imports goods share was 16.3% compared to 13.9% in H1 2015. The upward trend was seen in supplies of beam channels (a rise of 90.8%), angles (a rise of 21.4%), channel bars (a rise of 36%), hot-rolled steel (a rise of 52.6%), galvanized steel (a rise of 56.5%), cold-rolled steel (a rise of 42.5%), rods (a rise of 18.2%0 and grids (a rise of 32.1%),” the press service said.

According to data from state-run enterprise Ukrpromzovnishekspertyza, 2.37 million tonnes of Ukrainian rolled steel in 2015, 740,000 tonnes of imported rolled steel, and in 2014 – 3.22 million tonnes and 1.13 million tonnes respectively.

Ukrainian Mining-Metal Company was founded in 1998. It is a leader among Ukrainian metal traders in rolled steel and pipe sales.