Business news from Ukraine

UKRAINIAN SCRAP METAL MARKET EXPANDS BY 6.5%, SCRAP METAL IMPORTS GROWS BY 12.5% IN JAN-NOV

Ukrainian enterprises in January-November 2018 boosted scrap metal consumption by 6.51% year-over-year, to 4.976 million tonnes.
According to a report of the Ukrmetallurgprom association issued on Wednesday, over the period 1.346 million tonnes of scrap metal was imported (a rise of 12.54% year-over-year), or 27.1% of the total market.
The share of flat scrap was 50.82% and the share of long scrap was 46.04%, and a year ago the figures were 56.86% and 41.64% respectively.
According to the Ukrmetallurgprom, in January-November 2018 Ukrainian enterprise produced 16.84 million tonnes of rolled steel (101% of the figure seen a year ago, taking into account operations of facilities on the government uncontrolled areas in January-February 2017, or 103% without them). Some 13.21 million tonnes (78.4%) was exported. The share of exports a year ago was 79.7% (13.35 million tonnes with total production of 16.74 million tonnes).
The share of semi-fabricated products of exports in January-November 2018 was 43.68% (42.25% a year ago). The share of flat rolled steel of total exports was 34.85% (34.11%), and the share of long rolled steel was 21.47% (23.64%).
The main export markets of Ukrainian metal products over the period, according to state-owned enterprise Information-Analytic Agency (StateAnalitInform), are the countries of the European Union (34%), Africa (16.6%), other European countries, including Turkey (13.1%) and the Middle East (10.7%).
Among the metallurgical importers in January-November 2018, the CIS countries (52.7%) are on the first position, on the second are the countries of Asia (20.5%), and on the third – the EU (17.7%).

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