Russia’s metals and mining group Mechel has prolonged an agreement to deliver up to 700,000 tons of premium quality coking coal to China’s Baosteel Resources until July 2019, it said in a statement on July 4.
Yakutugol subsidiary will ship up to 40,000 tons every month. The price will be set monthly.
CEO Oleg Kirzhov said that the share of Russia-made coke coal amounted to 7% of China’s imports. (Prime/Ukrainian metal)