Mechel PAO one of Russia’s leading mining and metals companies, signed a memorandum on coke supply with a major Balkans steelmaker, HBIS Group Serbia Iron & Steel.
According to the agreement, Moscow Coke and Gas Plant will supply its Serbian partner with up to 30,000 tonnes of coke products quarterly. Supplies will be made from January to December 2018, with prices being determined on a quarterly basis following negotiations.
Earlier in 2017, several trial batches of metallurgical coke were shipped to HBIS Group Serbia Iron & Steel, which is a subsidiary of a leading Chinese steelmaking holding, Hebei Iron & Steel Group.
“Serbia’s market is of major interest to us due to comfortable logistics and stable demand for coke. Until now, Mechel’s sales subsidiaries sold coke in that country on spot basis. This agreement launches a new stage of our partnership with HBIS Group Serbia Iron & Steel. In the future, we plan to increase our supplies to this key client in the Balkans,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark commented.