Russias Mechel signs supply deal with Chinas Baosteel

Thursday 21st March, 2013

MOSCOW, March 21 | Thu Mar 21, 2013 6:11am EDT

MOSCOW, March 21 (Reuters) – Russian steel and coal miner Mechel said on Thursday it had signed a deal to supply China’s Baosteel with 960,000 tonnes of coking coal annually.

The one-year contract, signed by Mechel’s Singapore-based subsidiary Mechel Carbon and Baosteel Resources Int. Co., may be extended and the price will be adjusted on a monthly basis, Mechel said in a statement.

Read more

  • No comments yet for this story

  • what do you think

    CAPTCHA Image

    By submitting your comment you agree to Big News Network’s Terms Policies.

    Leave a comment