Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has announced that it has signed a long-term contract with Russian mining and steel group Mechel’s subsidiary Chelyabinsk Metallurgical Plant for the supply of approximately 1.6 million mt of iron ore and pellets.
According to the contract, Metalloinvest will supply 600,000 mt of pellets and one million mt of iron ore concentrate to Chelyabinsk Metallurgical Plant from its Mikhailovsky GOK plant before June 30, 2018.
Anatoly Shchetinin, managing director of Chelyabinsk Metallurgical Plant, stated that the contract will ensure that the company receives high-quality iron ore, which guarantees the sustainable operation of the enterprise and the stable implementation of its production program.