Ukrainian import data shows that in March 2024, Ukraine's long product imports increased by 15.4% month-on-month to 8.44 million tons. Compared to March 2023, imports increased by 64.7%. The import cost increased by 19.5% compared to February, and by 40.4% compared to the same month last year, reaching $10.54 million.

From January to March, Ukraine's long product imports increased by 34.7% compared to the same period in 2023, to 25,800 tons. The import value increased by 18.9% year-on-year, reaching $30.3 million.

The majority of imports were angle bars, sections, and special profiles made of non-alloy steel (HS 7216) - 12,710 tons valued at $10.98 million. The supply of such products to Ukraine increased by 145% month-on-month in March, compared to no imports in March 2023. The import cost reached $3.95 million (an increase of 118.3% month-on-month). Turkey is the main supplier of angle bars, sections, and special profiles, accounting for 56.9% of the supply in monetary terms.

From January to March, Ukrainian consumers also imported 4.67 million tons of other untreated twisted carbon steel bars (HS 7214) for $4.59 million. In March, the import volume was 126 tons (-47.2% m/m, -29.4% y/y) for $1.83 million (an increase of 1.1% month-on-month, and 13.5% year-on-year). Turkish producers shipped 57.5% of the total import volume to the Ukrainian market.

Imports of other alloy steel (HS 7228) bars reached 2.86 million tons, valued at $4.48 million. In March, the country imported 0.7 thousand tons (-37.2% m/m, -60% y/y) of the corresponding product, valued at $1.06 million (-37.8% m/m, -58.4% y/y). Turkey accounted for 34.9% of the related products.

These three types of long products account for over 78% of Ukraine's total imports of related products. Other suppliers include Germany, Poland, the Czech Republic, India, China, Malaysia, and others.

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