Russian metallurgical company Metalloinvest Holding has announced that it has signed an agreement for the supply of high-grade iron ore concentrate with iron content of up to 69.5 percent to Russian pig iron and coking coal producer Industrial Metallurgical Holding (IMH). The value of the agreement is RUB 6.8 billion ($104.24 million).
According to the agreement, high-quality iron ore concentrate will be shipped from Metalloinvest’s subsidiary Lebedinsky GOK to IMH’s subsidiary Tulachermet between May 2016 and March 2018.