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Ukraine’s Rolled Steel Market Gains Momentum Despite Rising Costs

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Europe 14 Jul 2026 11:09 AM IST GMK Centre

Ukraine’s steel market recorded a significant price increase during the first half of 2026, with rolled steel prices rising by at least 10–15%, depending on the product category.The increase was largely driven by higher fuel, transportation and steel production costs. Road freight charges for steel deliveries from Turkey surged sharply during the period before easing from their peak. However, logistics costs remain above earlier levels, continuing to influence domestic steel prices.

Despite rising costs, demand improved across beams, steel sheets, pipes and angle sections. Eurometal reported a 20% year-on-year increase in rolled steel sales during January–June 2026. Activity strengthened particularly in the second quarter as new construction projects, commercial developments and agricultural investments supported steel consumption.

Ukraine also witnessed increased imports of Turkish profile pipes as buyers placed advance orders ahead of possible anti-dumping duties. New orders later slowed because importers and customers remained uncertain about the additional costs.The steel structures segment continues to show positive momentum, with major manufacturers reportedly booked for several months. However, labour shortages are creating installation delays, with some projects requiring scheduling four to five months in advance.