Mechel to deliver 700,000 tns of coal to Baosteel till Jul 2019

MOSCOW, Jul 4 (PRIME) -- Russia’s metals and mining group Mechel has prolonged an agreement to deliver up to 700,000 tonnes of premium quality coke coal to China’s 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 China’s imports.

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