According to the information issued by the Ukrainian Ministry of Economy, up to June 1, 2010, Ukraine utilized 29.56 percent of its annual quota for rebar exports to Russia and 97.5 percent of its yearly quota for cold rolled steel exports to the same destination, supplying a total of 118,253 metric tons and 204,745 metric tons respectively.
Accordingly, in May this year Ukraine exported 10,030 mt of rebar to Russia and did not export any cold rolled steel products to the same destination.
According to the agreement between Russia and Ukraine, the 2010 annual quota for Ukraine regarding rebar exports to Russia is 400,000 metric tons - up from 363,000 metric tons in 2009. The quota is for the 12 months from January 1 to December 31, 2010.
Meanwhile, also according to the agreement signed between the countries, Ukraine's yearly quota for cold rolled exports to Russia stands at 210,000 metric tons for the 12 months from July 1, 2009 to June 30, 2010.