Ukraine has almost exhausted its country quota for hot-rolled products exports to the EU

Ukraine’s steelmaking companies have almost exhausted the country quota for exports of hot-rolled products of alloy and non-alloy steel to the European Union (group 2) granted for a period from 1 January 2021 to 31 March 2021, according to the monitoring data provided by Ukrmetallurgprom.

Ukrainian steelmakers exported to the EU 65.11 thousand tons of hot-rolled products out of the quota portion of 68.4 thousand tons. Hence, the quota is 95.2% filled.

After filling the country quota, Ukrainian companies can export hot-rolled products to the EU under the global quota (on a ‘first come, first served’ basis).

Ukraine’s country quota for exports of hollow sections to the EU (group 21) is 97.17% exhausted as of 26 February. Ukrainian companies exported 16.18 thousand tons of hollow sections out of 16.65 thousand tons of the quota portion.

The quota for exports of non-alloy wire to the EU (group 28) is 97.35% exhausted. Ukrainian companies exported 17.2 thousand tons of hollow sections out of 17.7 thousand tons of the quota portion.

As reported earlier, the difference between country and global quotas is that the former can be exhausted before the end of its validity period, with no rush and fear that other countries will be quicker. Yet unused quantities may not be carried over to the following year.