According to the information issued by the Ukrainian Ministry of Economy, up to March 1 2009, Ukraine utilized 3.26 percent of its new annual quota for rebar exports to Russia and 49.98 percent of its annual quota for cold rolled steel exports to the same destination, supplying a total of 11,834 metric tons and 102,450 metric tons respectively.
According to the new agreement signed between Russia and Ukraine, the yearly quota for Ukraine regarding rebar exports to Russia has increased by ten percent from 330,000 metric tons for the previous year to 363,000 metric tons for 2009 (i.e. from January 1 to December 31, 2009).
Meanwhile, according to the agreement signed between the two countries, Ukraine’s yearly quota for cold rolled exports to Russia stands at 205,000 metric tons for the 12 months from July 1, 2008 to June 30, 2009.