Metalloinvest has signed long-term contracts for the supply of hot briquetted iron with Russian steelmakers for the first time. Three contracts with MMK, TMK and ChTPZ were signed, 570 thousand tons of hot briquetted iron will be delivered to them, the RNS’ correspondent transmits from the contract signing ceremony.
The agreement will be in force for one year. MMK will buy 200 thousand tons, TMK - 220 thousand tons, and ChTPZ - ip to 150 thousand tons.
The pricing will be carried out within the framework of a formulaic methodology, which is based on market indicatives of metallurgical raw materials value on the global and Russian markets.