print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mechel press releases

Mechel

April 12, 2017

Mechel to supply China’s Baosteel Resources with nearly one million tonnes of coking coal

Shanghai, China – April 12, 2017 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports that its cooperation agreement with Baosteel Resources which is part of China Baowu Steel, China’s largest steelmaking group, has been prolonged.

Since April 2017 and until March 2018, Mechel will supply Baosteel Resources’ facilities with up to 960,000 tonnes of premium-grade coking coal mined in Southern Yakutia. Coal will be shipped via Mechel’s own Trade Port Posiet. The price will be determined on a monthly basis.

“We have established trust-based, mutually beneficial ties with Baosteel Resources. Last year, Mechel’s supplies to Baosteel Resources accounted for 15% of our total coking coal sales to third parties. In the future, we will be glad to offer our Chinese clients the high-quality coal products they have come to appreciate over the years of our longstanding partnership. Due to large-scale structural changes in China’s coal industry, demand for coking coal will remain stable in that country throughout 2017. We see China’s coking coal imports grow, which opens new export opportunities for Mechel as a major supplier of metallurgical coal,” Mechel PAO’s Chief Executive Officer Oleg Korzhov commented.

***

Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer