Jiangsu Sha Steel Group and Mechel - long-term cooperation agreement
13 August 2019, 04:23
According to the contract, which will begin to operate in September of this year, Mechel, through the Posyet Commercial Port, transport routes will transport more than 700 thousand tons of high-grade coking coal to the Chinese partner, which is mined at Yakutugol JSC. The cost of deliveries is agreed separately, but it is noted that it will be equal to world prices. Jiangsu Sha Steel Group is a long-standing partner, so Mechel Holding is committed to maintaining mutually beneficial relationships. This agreement will enable Mechel to significantly strengthen its position in coal exports.
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