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The Ukrainian rolled metal market decreased by another 3.6%

Ukraine

For five months of 2024, the capacity of the domestic market of Ukraine amounted to 1,360.9 thousand tons of rolled metal, of which 472.9 thousand tons, or 34.75%, were imported.

The Ukrainian rolled metal market decreased by another 3.6%

Ukrainian enterprises in January-May of this year reduced consumption of rolled metal by 3.58% compared to the same period last year - to 1 million 360.9 thousand tons. According to a press release from the association "Ukrmetallurgprom", during this period, 472.9 thousand tons or 34.75% of the domestic market for rolled metal consumption were imported. 

According to the OP "Ukrmetallurgprom", in January-May 2024, the country's metallurgical enterprises produced 2.568 million tons of rolled metal (129.6% compared to the same period in 2023), of which, according to information State Customs Service of Ukraine, about 1.680 million tons were exported, or 65.4%.

In January-May 2023, the share of exports amounted to 48.7% (966 thousand tons with a total production of rolled metal of 1.982 million tons ). 

The share of semi-finished products in export supplies in January-May 2024 amounted to 46.79%, which is noticeably lower than the figure for January-May 2023 (48.96%).

The share of flat products rolled steel in export deliveries for five months of 2024 significantly exceeds the figure for January-May 2023 (40.30% and 30.75%, respectively). 

The share of long products is significantly lower than the figure for January-May 2023 (12.92% in 2024 versus 20.29% in 2023).

"For five months of 2024, capacity The domestic market amounted to 1,360.9 thousand tons of rolled metal, of which 472.9 thousand tons, or 34.75%, were imported. In January-May 2023, the capacity of the domestic market amounted to 1,411.4 thousand tons, of which 395. ,4 thousand tons, or 28.01% imported. Thus, in the five months of 2024 there is a decrease in the capacity of the domestic market in relation to the five months of 2023 by 3.58%. ", states the press release. 

The structure of imports for 5 months of 2024 is still characterized by a significant dominance of flat products over long products (82.07% and 16.13%, respectively); in January-May 2023, the dominance of flat rolled products over long products was also significant (80.45% and 18.46%, respectively).

The main export markets of Ukrainian rolled metal in January-May 2024, according to customs data , were countries of the European Union (78.8%), other Europe (6.3%) and other South America (5.7%).  

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