MMK signs five-year coking coal supply agreement
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Russian steel mill Magnitogorsk Iron and Steel Works (MMK) has announced the signing of a five-year coking coal supply agreement with local coal preparation plants Anzherskaya, Koksovaya, Ziminka and Krasnogorskaya.
According to the agreement, in the 2010-2014 period MMK will receive supplies of up to 3.5 million mt of high quality coking coal concentrate per year from the plants in question, which will fully meet the needs of the steelmaker. The financial details of the agreement have not been disclosed.
The guaranteed deliveries of quality coking coal will enable MMK to continue the implementation of its measures to improve economic efficiency, also through the reduction of coke consumption in the production of pig iron.
Thus, the inclusion in charges of coal concentrate produced at the abovementioned coal preparation plants is expected to significantly improve the quality of metallurgical coke.