EU and Ukraine agree on steel quota
According to recent news in the market, European Union (EU) and
Ukraine have recently signed an agreement regarding expansion of the steel quota allocated to
Ukraine.
In line with the deal, EU increased the quota allocated to Ukrainian steel exports to 606'824 tons, taking country's sale to new ten members of EU into account.
Officials from both sides will examine the draft and with a formal approval, the quota will be effective.
The quota division is as follows: 230'879 tons of heavy
plate, 80'007 tons of coils, 66'608 tons of other flat products, 93'679 tons of
wire rod, 13'481 tons of beam and 122'170 tons of other long products.
As previously reported by SteelOrbis, EU increased steel quota allocated to
Russia to compensate the possible loss of
Russia following the expansion of EU.