Severstal increases coking coal supplies to Russian domestic market

Wednesday, 11 August 2010 17:23:36 (GMT+2)

The Russian steel producer Severstal has announced that in July this year its mining division Severstal Resources increased its shipments of coking coal concentrate to the domestic market by 85 percent month on month to 162,000 mt, excluding deliveries within the company.

Accordingly, in addition to its traditional customer, i.e., the Russian mining and steel producing group Mechel, in July this year Severstal Resources also delivered coking coal to MMK, NLMK, Gubakha Coke, and to Ural Steel.

The company said in its statement that in August it plans approximately the same increase (85 percent) in the supply volume to the domestic market.

"We think it is right to support the Russian steel producers in the period of shortage of coking coal in the country... Meanwhile, redirecting coal to the domestic market, we also maintained the level of profitability of supplies, which is important for the development of our coal mines," reads Severstal's statement.

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