Metalloinvest signs long-term contracts with Evraz for supply of iron ore products

Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 mn tonnes of iron ore and pellets.

The contracts stipulate that Mikhailovsky GOK (part of Metalloinvest) will supply Evraz with 1.6 mn tonnes of pellets and 1.8 mn tonnes of iron ore concentrate before 30 June 2018.

Nazim Efendiev, First Deputy CEO, Sales Director, Management Company Metalloinvest, commented: “Supplying high-quality iron ore products to Russian steel companies on long-term contracts is a permanent priority for Metalloinvest. Metalloinvest and Evraz have been partners for many years, and our relationship is based on each party conscientiously implementing its commitments, as well as an understanding of our mutual interests.”