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Ukraine’s steel market showed strong recovery in the first half of 2025, with consumption of steel products rising 13% year-over-year to 1.65 million tons. Adjusted for increased inventories among steel traders—up by over 120,000 tons—the actual market demand grew by 9% year-over-year.
Segment-wise, rebar saw a 14% surge, fueled by residential construction in western Ukraine. In contrast, wire rod demand declined 5% due to reduced defense fortification needs and use of non-metal substitutes. Shaped rolled products rose 12%, while grinding balls dropped 8%, largely due to lower iron ore export activity. The welded pipe market continued its decline, down 23%, hit by war-related mine closures in Pokrovsk.
Flat rolled products outpaced other segments, with galvanized steel consumption jumping 37%, driven by increased imports and domestic polymer-coated steel production. Hot-rolled and cold-rolled steel also grew 13% and 5%, respectively. Flat products now account for 49% of total steel consumption, up from 45% in H1 2024.
In terms of sectoral demand, the pipe industry led with a 22% share, followed by national steel traders (21%) and construction firms (16%). Sales to iron and steel producers fell 19% due to reduced mining operations, while retail sales rose 18%, reflecting strong private sector demand.
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