Russian mining and steel company Mechel has announced that it has signed a major agreement for coke and coal supplies with the international trading company Steel Mont.
This new contract will be effective until the end of 2020 and during this period Mechel will supply Steel Month with up to 700,000 mt of products which include up to 350,000 mt of metallurgical coke produced by Moscow Coke and Gas Plant and up to 350,000 mt of PCI (pulverized coal for injection) and anthracites produced by Southern Kuzbass Coal Company. The products mentioned will be shipped by sea through Port Mechel-Temryuk in Russia’s Krasnodar region and through Russian ports in the North and Baltic Seas.
Mechel’s deputy chief executive officer Pavel Shtark said, “We expect the demand for metallurgical coals and coke to remain stable despite global commodity market volatility. We are glad to see Steel Mont among our committed partners. This contract will enable Mechel to increase exports of our mining division’s output in the nearest accounting periods.”