Metalloinvest , NLMK Group | 25 January 2016 г. | 12:10

Metalloinvest continues to supply pellets to NLMK

Metalloinvest continues to supply pellets to NLMK
Metalloinvest and Novolipetsk Steel (NLMK) today announced the extension of their existing long-term pellet supply contract until 31 December 2016. The contract was originally signed in 2011.

According to the agreed terms, Metalloinvest will supply NLMK with more than 3 million tonnes of pellets this year.

In accordance with the contract, the pricing will be based on current market indicators, taking into account global market price trends. Lebedinsky GOK and Mikhailovsky GOK will supply the pellets to NLMK's main production site in Lipetsk.

The extension of the existing contract continues the long-term mutually beneficial partnership between Metalloinvest and NLMK. In 2011, the companies signed a pellet supply contract for a four-year period, which was extended in 2015.

Source: Metal Supply and Sale Magazine
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