OJSC Mechel has signed a series of contracts for the supply of coking and steam coal to the Chinese, Japanese and South Korean companies in 2009.
Mechel continues to work to expand the geography of coal sales. Having a positive long-term experience of supply of coal to Japan and South Korea, in 2009 the company was also on the carbon market of China, concluded a number of major new contracts with local consumers, said the company.
The company has already begun in China to supply coking coal concentrate production Yakutuglya, as well as various brands of energy coal. Total for 2009 financial year with the Chinese, Japanese and South Korean companies for the time being awarded the contract for the supply of about 2 million tonnes of coking coal concentrate production Yakutuglya and 2.3 million tonnes of energy coal production marks Yakutuglya and Southern Kuzbass.
Also in 2007, Mechel is selling to China, iron ore concentrate, which is produced in the group Korshunovskom GOKe.
China - a very promising market for us. There is continuing active development of the metallurgical sector, therefore, remains a high demand for primary products of our company - iron ore concentrate, concentrate coking coal and ferro-alloys. Also, new contacts have enabled us to better understand the Chinese market , and we continue to work on a new contract.
important that deliveries to China are not only water but also by rail. Thus, flexibility in logistics schemes gives us an additional competitive advantage. It is also worth noting that a major new contracts with Chinese companies will allow us to increase the download of our coal-producing capacity, which is of great importance in the current difficult economic situation , - commented on the situation, Senior Vice President of OAO Mechel Vladimir Polin.
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