Ukrainian rolled steel consumption in 2009 declines by 32% YoY

According to the data issued by the Ukrainian Association of Metal Traders, in 2009 Ukraine registered a 32.5% YoY decrease in rolled steel consumption to 5.33 million tons. Meanwhile, during the year in question, imports of rolled products to Ukraine went down by 54.8% YoY to 797,828 tons.

Accordingly, in 2009 the Ukrainian pipe making companies reduced purchases of domestic and imported rolled products by 28.4% YoY to 1.5 million tons, local construction companies cut purchases by 70% YoY to 71,050 tons, hardware producers decreased purchases by 24.9% YoY to 427,908 tons while railway companies increased purchases by 47.5% YoY to 102,980 tons.
Furthermore, Ukrainian steel traders, including the smaller companies, reduced their purchases of domestic and imported rolled steel products by 45.8% YoY to about 1.42 million tons; machine-building companies decreased purchases by 58% YoY to 597,931 tons while mining and metallurgical companies increased their purchases by 44.1% YoY to 1.06 million tons. (SteelOrbis)