Mechel OAO is one of the leading Russian mining and metals companies, reports signing a three-year agreement for coal supplies with Japan’s JFE Steel corporation, a major Asian steel mill.
The agreement will be in force until August 2018.
According to the agreement, Mechel will annually supply JFE Steel up to 1MT of metallurgical coals, mostly coking coal concentrate produced by Yakutugol Holding Company OAO, as well as coking coal concentrate produced at the Elga coal deposit. Apart from JFE Steel, Mechel supplies coal to several other leading Japanese steelmaking corporations. JFE Steel has been a client of Neryungri coal producers since 1985 and has proved to be Mechel’s longstanding and reliable partner. In 2013 JFE Steel Corporation was the first to acquire the trial export batch of the Elga deposit’s coking coal concentrate.
