China's Shanxi province based high grade
coking coal supplier Puda Coal announced that it signed a new one-year supply contract with its existing customer, Inner
Mongolia based
Baotou Iron & Steel Group (
Baotou Steel).
According to the contract, Puda Coal will provide
Baotou Steel with 58,000 metric tons
coking coal per month, totaling 700,000 mt for the entire year. The figure is 596,291 metric tons higher than the previous year's contract.
Puda Coal increased its coal cleaning capacity from 500,000 mt to 2.7 million mt per annum at the beginning of the year.