Mechel has signed agreement with Baosteel

Mechel has announced about signing of a memorandum for raw material supplies by its subsidiary Mechel Carbon (Singapore) and the Chinese Baosteel Resources, the subsidiary of Baosteel Group. In accordance with the memorandum, signed on March 18 in the new head-office of Baosteel Resources in Shanghai, Mechel Carbon will annually supply 960,000 tons of coking coal to Baosteel. The agreement is closed for 1 year with ability for prolongation. The price of supplied coal will be defined every month.

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