OREANDA-NEWS. September 30, 2010. Ukrainian steel mills increased their flats exports by 17.9% mom in Aug to reach 467.4kT. Hot rolled coil exports jumped up by 25.8% mom to 381.3kT, cold rolled products’ exports had a reverse downside trend of 26.6% mom to 55.9kT, and other hot rolled flats exports soared by 74.7% mom to 30.3kT.

The news is NEUTRAL for Ukrainian flats’ makers. Hot rolled steel producers took advantage of pre-Ramadan improved flats buyout by Turkey and Middle East countries, made to replenish their stocks before prices go up after the holy month; however, more value-added cold rolled steel exports went down, which is especially negative for Ukraine’ largest cold rolled steel producer, Zaporizhstal (ZPST UK).