Mechel Reports Signing Long-Term Coke Export Contract

Mechel Reports Signing Long-Term Coke Export Contract

According to the agreement, Moscow Coke and Gas Plant will supply its Serbian partner with up to 120,000 tonnes of coke products or some 30,000 tonnes quarterly. Supplies will be made in January-December 2018. Prices will be determined on a quarterly basis following negotiations.
Earlier in 2017, several trial batches of metallurgical coke were shipped to HBIS Group Serbia Iron & Steel, which is a subsidiary of a leading Chinese steelmaking holding, Hebei Iron & Steel Group.

In the first nine months of 2017, 35% of Moscow Coke and Gas Plant’s products were marketed domestically and some 65% were exported.

“Serbia’s market is of major interest to us due to comfortable logistics and stable demand for coke. Until now, Mechel’s sales subsidiaries sold coke in that country on spot basis. This agreement launches a new stage of our partnership with HBIS Group Serbia Iron & Steel. In the future, we plan to increase our supplies to this key client in the Balkans,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark commented.