Russian iron ore and hot briquetted iron (HBI) producer
Metalloinvest has announced that it has signed a three-year pellet supply contract with
Russia-based Kosaya Gora Iron Works. According to the agreement, the volume of shipped products will amount to 1.9 million mt.
As provided by the contract, prices will be fixed according to existing market benchmarks. The price calculation formula takes into account price dynamics in the global market. Mikhailovsky GOK and Lebedinsky GOK (part of
Metalloinvest) will deliver the iron ore products.