Mechel to deliver 700,000 tns of coal to Baosteel till Jul 2019
MOSCOW, Jul 4 (PRIME) -- RussiaТs metals and mining group Mechel has prolonged an agreement to deliver up to 700,000 tonnes of premium quality coke coal to ChinaТs Baosteel Resources until July 2019, it said in a statement on Wednesday.
Yakutugol subsidiary will ship up to 40,000 tonnes every month. The price will be set monthly.
CEO Oleg Kirzhov said that the share of Russia-made coke coal amounts to 7% of ChinaТs imports.