Metalloinvest and ISH signed long-term agreement

In 2016, Metalloinvest started sales of high-grade products with a low silica content and increased iron content. These product characteristics ensure an increase in output capacity at steel furnaces, lower energy costs and costs of electrodes for electric arc furnaces, and an improved efficiency of blast-furnace production due to a higher Fe-content in the furnace charge and lower slag ratio.

According to the agreement shipments of high-quality concentrate from Lebedinsky GOK (part of Metalloinvest) to Tulachermet (part of ISH) are executed from 1 May 2016 to 31 March 2018. The agreement is another step in a series of Metalloinvest’s long-term agreements with Russian steel producers to supply iron ore products.