Steel producers try to make the most of fall in coking coal price
Edited by Anonymous / 2013-04-02 09:24:43
Metals and mining Russia Metalloinvest Raspadskaya Magnitogorsk metallurgic plant MMK Mechel Novolipetsk Steel NLMK Coal Iron ore Steel
They revise raw material price once per month now, not once per quarter as it was before. NLMK revises coking coal price once per month now, a source close to the company says to Vedomosti. One of its suppliers Raspadskaya also has transferred to monthly revision of prices, the Director for Strategy Development A. Andreyev says. Other consumers of Raspadskaya did the same. Now the company has closed contracts until the end of April, and then it’s going to close new contracts.
