You are here: Home > Steel News > Latest Steel News > Raspadskaya...

Raspadskaya to supply up to 300,000 mt of coal per year to Hyundai Steel

Friday, 12 October 2012 16:58:15 (GMT+3)   |  
       

Russia's second largest coking coal producer Raspadskaya has stated that on October 8 it signed a memorandum with South Korean steelmaker Hyundai Steel Company on long-term cooperation starting in 2013 for the supply of coal with volumes gradually increasing up to 300,000 mt per year.

In the first nine months of the year, Raspadskaya exported 500,000 mt of coking coal. Raspadskaya stated that it is taking active steps to promote its brand in the global market, while also focusing on quality control of products in the areas of production, loading and unloading. Accordingly, in the given period certain volumes were sold for the purpose of tests at the coke plants of the world's large steel producers in the Asia-Pacific region.

Raspadskaya is negotiating further cooperation in several regional markets, seeking to supply additional volumes for Q4 2012 and for 2013 under long-term contracts.


Similar articles

India’s coal ministry annuls coal block allocated to JSW Steel Limited

11 Nov | Steel News

India’s coking coal import port traffic falls 6% in April-October

11 Nov | Steel News

Ex-Australia coking coal rises in new deals, sources sceptical on further increase

08 Nov | Scrap & Raw Materials

Coal exports from Queensland down 5.7 percent in October from September

06 Nov | Steel News

China’s coke prices move sideways locally, still slide in export market

01 Nov | Scrap & Raw Materials

China Shenhua Energy’s net profit down 4.5 percent in Jan-Sept

29 Oct | Steel News

China Coal Energy’s net profit down 12.4 percent in Jan-Sept

29 Oct | Steel News

CISA: Coking coal purchase costs in China down 4.9 percent in Jan-Sept

29 Oct | Steel News

Local Chinese coke prices start to move down, more declines expected

25 Oct | Scrap & Raw Materials

Ex-Australia coking coal price retreats amid setbacks in China

18 Oct | Scrap & Raw Materials