EU announces details of new quotas for Russian steel exports

Monday, 16 November 2009 12:53:32 (GMT+3)   |  

Within the framework of the agreement signed between the European Community and Russia on October 26, 2007 regarding the trade of certain steel products, the renewed quota allocated to Russia for 2010 has increased by 2.5 percent compared to 2009, to 3,184,445 mt.
 
According to the official release issued by the European Commission on November 13, the new quotas for Russian steel exports to the EU for 2010 (original 2009 figures are included for comparison) are as follows: 

Product 

2009 (mt)

2010 (mt)

SA Flat products

   

SA1 Coils

1,060,875

1,087,397

SA2 Heavy plate

281,875

288,922

SA3 Other flat products

609,875

625,122

SA4 Alloyed products

107,625

110,316

SA5 Alloyed quarto plates

25,625

26,266

SA6 Alloyed CR and coated sheet

112,750

115,569

SB Long products

   

SB1 Beams

56,375

57,784

SB2 Wire rod

332,100

340,402

SB3 Others

519,675

532,667

Total:

3,106,775

3,184,445

The agreement provides that unused quantities for a given year may be carried over to the following year up to a maximum of seven percent of the relevant quantitative limit set out in the agreement. As in 2008, in the current year Russia has notified the Community of its intent to make use of this provision. The new adjusted quotas per each product for the year 2009, resulting from Russia's request are as follows: 

Product 

2009 (mt)

SA Flat products

SA1 Coils

1,067,575

SA2 Heavy plate

303,498

SA3 Other flat products

651,248

SA4 Alloyed products

114,925

SA5 Alloyed quarto plates

27,580

SA6 Alloyed CR and coated sheet

120,425

SB Long products

SB1 Beams

60,480

SB2 Wire rod

355,131

SB3 Others

593,795

Total:

3,294,657

The regulation entered into force on the day following its publication, i.e., November 14, 2009.

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