Steel consumption increased in Ukraine

During January-August 2020, the volume of consumption of the domestic market amounted to 2,921.6 thousand tons of rolled metal, of which 762.6 thousand tons or 26.1% were imports.

For the same period in 2019, the capacity of the domestic market amounted to 2830.4 thousand tons, of which 953.4 thousand tons or 36.7% were imported. Thus, for 8 months of 2020, an increase in the capacity of the domestic market relative to January-August 2019 by 3.2% is observed, with a simultaneous reduction in the share of the import component by 7.6%.

The structure of imports for 8 months of 2020 is characterized by the domination of flat products over long products (56.05% and 42.67%, respectively); in the same period of 2019, the dominance of flat products over long products was more noticeable (55.44% and 40.94%, respectively).

The main export markets of Ukrainian metal products in January-August 2020 are the countries of the European Union (27.4%), Asia (16.5%) and the rest of Europe (13.3%).

Among metallurgical importers for 8 months of 2020, the CIS ranks first (35.9%), the second is the EU-28 (25.8%), and the third is the countries of Asia (20.8%).