According to the information issued by the Ukrainian Ministry of Economy, up to July 1, 2010, Ukraine utilized 37.37 percent of its annual quota for rebar exports to Russia and 97.53 percent of its yearly quota for cold rolled steel exports to the same destination, supplying a total of 149,491 metric tons and 204,810 metric tons respectively.
Accordingly, in June this year Ukraine exported 31,238 mt of rebar to Russia and 65 mt of 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. It should be noted that June 30, 2010 saw the expiration of the three-year quota agreement which limits Ukrainian supplies of cold rolled steel to Russia.