View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
September 12, 2011

Metalloinvest to supply iron ore to MMK

Russian firms Metalloinvest and Magnitogorsk Iron & Steel Works (MMK) have signed a long-term iron ore supply agreement for a period of three years. Under the terms of the agreement, Metalloinvest will supply iron ore from its Mikhailovsky mining and processing plant to MMK.

By cms admin

Russian firms Metalloinvest and Magnitogorsk Iron & Steel Works (MMK) have signed a long-term iron ore supply agreement for a period of three years.

Under the terms of the agreement, Metalloinvest will supply iron ore from its Mikhailovsky mining and processing plant to MMK.

Both the firms have agreed on pricing for the raw material based on current market indicators and price dynamics on the global iron ore market.

Metalloinvest general director Eduard Potapov said that such agreements are critical for the firm’s long-term planning, which includes production, sales and investment.

MMK CEO Boris Dubrovsky said that the products purchased from Metalloinvest will ideally fit the firm’s blast furnace technology and will improve financial performance.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology