|Kardemir extends coal supply deal with Mechel
|Turkey - 2019 January 17
Mechel PAO, a leading Russian mining and metals company, reports prolonging its agreement on coke supplies to Turkey's steelmaking holding Kardemir.
According to the agreement, from January to December 2019 Mechel will supply the Turkish company with 200,000 tons of metallurgical coke produced at Moscow Coke and Gas Plant. Compared to the previous deal, the amount of supplies to Kardemir will go up by nearly 70pct. Coke will be shipped via Port Mechel Temryuk in Russia's Krasnodar Region.
The price will be determined on quarterly basis following negotiations.
Turkish companies consume about 6 mln tons of coke annually, with Turkey's coke producers accounting for approximately 5 mln tons and the remainder imported from abroad.