Ukrainian steel consumption in 9 months down by 45pct YoY

Thursday, 22 Oct 2009

According to the data issued by the Ukrainian Association of Metal Traders, in January to September 2009 the country rolled steel consumption down by 45.4%YoY to approximately 3.695 million tonnes. Meanwhile, during the period in question, imports of rolled products to Ukraine went down by 70.7%YoY to 463,904 tonnes.

Accordingly, in January to September this year Ukrainian pipemaking companies reduced purchases of domestic and imported rolled products by 35.9% YoY to about 1.149 million tonnes, local construction companies cut purchases by 70.8%YoY to 58,269 tonnes, hardware producers decreased their purchases by 36.6% YoY to 312,700 tonnes while railway companies increased their purchases by 1.3% YoY to 67,462 tonnes. Furthermore, Ukrainian steel traders, including the smaller companies, reduced their purchases of domestic and imported rolled steel products by 57.1% YoY to 981,617 tonnes machine building Companies decreased purchases by 68% YoY to 389,615 tonnes while mining and metallurgical companies increased their purchases by 6.1% YoY to 644,339 tonnes.

In January to September 2009, traders share in the total rolled steel consumption volume in the Ukrainian domestic market amounted to 27%, the share of pipemaking companies amounted to 31%, the share of machine building companies reached 11%, the share of mining and metallurgical companies amounted to 17%, the share of hardware producers was 8%, the share of construction companies stood at 2%, the share of railway companies was 2% while the share of other companies also amounted to 2%.

(Sourced from SteelOrbis)
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