KYIV, Aug 19 – Ukrainian companies increased the consumption of steel by 9.99% on the year to 2.54 million metric tons in January-July, according to Ukrmetallurgprom, a steel making industry association.

A total of 644,400 tons, or 25.4% of the domestic steel consumption market, were imported in the first seven months of the year.

"In January-July 2020, 2.54 million tons of rolled metal were delivered to domestic consumers, of which 644,400 tons, or 25.4%, were imported. During the same time in 2019, the home market capacity was 2.3 million tons, of which 826,700 tons, or 35.8%, were imported. For seven months of 2020, there was an increase in the domestic rolled metal market capacity compared to January-July 2019 by 10% with a simultaneous decrease in the share of the imported component by 10.4%," the association said in the press release.