Metalloinvest to increase export potential through its new terminal

Friday, 07 June 2019 12:47:05 (GMT+3)   |   Istanbul

Metalloinvest, Russia-based leading global producer and supplier of HBI and iron ore products, and a regional producer of high-quality steel, has announced that it has signed a binding agreement with the company Ultramar for the construction of a specialized terminal for the transfer of iron ore pellets and HBI at the Ust-Luga port, located in the Leningrad region.

Metalloinvest said that with the new terminal it aims to satisfy the growing global demand for these products. The construction of a new terminal in Russia on the Baltic Sea strengthens the company’s export potential.

2.5 million mt of transfers will take place per year. The contract is valid for five years on a take-or-pay basis. Construction of the terminal will be completed by the middle of 2020. Railway tracks, storage facilities and Panamax docking areas for incoming ships will also be built. Mechanical pellet cleaning and shipping transfer of HBI will take place at the terminal.

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