Metalloinvest, a leading global iron ore and hot briquetted iron (HBI) producer based in Russia, has announced that it has signed a long-term supply contract for rails and structural steel for a three-year period with Kazakhstan's rail and structural steel plant Aktobe Rail and Section Works.
Under the terms of the agreement, Metalloinvest will deliver approximately 600,000 mt of steel products in total. In accordance with the contract, the pricing will be based on current market indicators, taking into account global price trends. The rails and structural steel will be supplied by Metalloinvest’s subsidiary Oskol Metallurgical Plant (OEMK) from February this year onwards.