As of December 1, 2009, Russia utilized about 47.3 percent of the adjusted steel quota of 3,294,657 mt allocated to it by the European Union (EU) for the current year, while Kazakhstan utilized 1.25 percent of its allocated EU quota of 205,000 mt.
According to the latest figures, Russia exported a total of 1,556,502 mt of steel products to the EU in the period in question. Specifically, Russia used 80.5 percent of its hot rolled coil quota (859,378 of 1,067,575 allotted mt), 23.32 percent of its plate quota (70,764 of 303,498 allotted mt), 37.84 percent of its alloyed flat products quota (43,493 of 114,925 allotted mt), and 23.39 percent of its wire rod quota (83,048 of 355,131 allotted mt).
On the other hand, up to the end of November, Kazakhstan supplied to the EU a total of 2,558 mt of flat rolled products, excluding hot rolled coils and heavy plates, using 2.17 percent of its allotted quota of 117,875 mt for flat rolled products.
As SteelOrbis previously reported, the agreement signed between the European Community and Russia on October 26, 2007 regarding the trade of certain steel products 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 European Community of its intent to make use of this provision.
* All numbers are based on figures released by official European Union sources.