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Domestic prices for construction steel products in Ukraine rose slightly in October, by about 1–1.3% month-on-month. Year to date, trends are mixed: channel bar No.18 is up 4.8% to UAH 58.7k/t, and 5–14 mm hot-rolled sheet up 2.2% to UAH 34.7k/t, while several items have declined — beam No.20 down 7.2% to UAH 40k/t, profile pipe 100×4 down 1.7% to UAH 37.8k/t, round pipe 114×4 down 1.7% to UAH 38.8k/t, and angle 63×5 down 1.3% to UAH 33.4k/t.
Analysts attribute the modest October uptick to inventory positioning and selective restocking against a backdrop of subdued demand. In January–July, the volume of construction work rose 10% y/y, slower than last year’s 18.6%, with engineering infrastructure growing only 2.4% y/y, softening a key driver for steel consumption.
For the first half of 2025, apparent steel consumption (excluding polymer-coated, stainless and tinplate) increased 13% to 1.65 Mt. Adjusting for an inventory build of >120,000 t since the year’s start, real market capacity growth is estimated at roughly 9% y/y. The market remains sensitive to project timing, financing conditions and seasonal dynamics as winter approaches.
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