Russian mining and steelmaking company Evraz Group has announced that it has signed a new long-term agreement with Russian railway monopoly Russian Railways (RZD) for the supply of rail products. The agreement comes into force on February 19 and will be valid for five years.
According to the new agreement, over five years Evraz will deliver 3.2 million mt of rail products worth RUB 111.7 billion ($1.97 billion) to RZD.
Evraz stated that it will continue to supply rails of all categories demanded by Russian Railways, including special products: rails for high-speed mixed traffic, low-temperature resistant rails, rails with higher wear resistance and switch point rails.
Meanwhile, Evraz and Russian Railways will continue to work together on the development of new products and on improving the efficiency of maintenance of railway lines.