Shanghai, August 08 – Neftegaz.RU. Mechel, one of the leading Russian mining and metals companies, reports signing a major contract for coking coal supplies with Jiangsu Sha Steel, China’s largest private steelmaking group.
Jiangsu Sha Steel is Mechel’s longstanding strategic partner in Asia Pacific. The contract notes strong business ties between the 2 sides, based on mutual profit and trust.
“We are glad to pursue our cooperation with Jiangsu Sha Steel and will continue to supply our Chinese partners with top-quality coal products. Such long-term contracts enable us to plan the oad on our production facilities more efficiently and consolidate Mechel’s position as one of the world’s key coking coal exporters,” Mechel´s CEO Pavel Shtark commented.