Metalloinvest and Evraz sign long-term agreement

Metalloinvest and Evraz have signed a five-year agreement based on formula pricing for the supply of steel grinding balls. The products from EVRAZ will be delivered to Mikhailovsky GOK and Lebedinsky GOK, as well as OEMK. Andrey Ugarov, First Deputy CEO of Management Company Metalloinvest, commented: “Our key priorities are production efficiency and the quality of our products. The supply agreement for Evraz products meets Metalloinvest’s requirements and ensures production efficiency. I am confident that the signing of long-term agreements serves the mutual interests of Metalloinvest and Evraz and will contribute to the development of further co-operation between our two companies.”

Ilya Shirokobrod, Vice President of Sales of Evraz, added: “The new five-year agreement ensures that Metalloinvest, a key client, will receive guaranteed supplies, and our ball rolling facilities in Nizhny Tagil and Novokuznetsk will benefit from stable orders. We recently completed a large-scale modernisation programme for our equipment, which enabled us to increase the quality of our products. In addition, Evraz has started the design phase for a new rolling mill and we expect to offer Metalloinvest steel ball products of a quality that is not yet available in Russia.”

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