It is reported that Japanese Nippon Steel will engage in price talks with Russian Railways on rail price for 2009 shipments.
As per report, RZD's managements will visit Nippon Steel next week to discuss the issue. In the end of 2007, Nippon Steel won a 20,000 tonnes order of heat treated rails from RZD and now both of them agreed to continue their business relationship in 2009.
RZD purchases around 50,000 tonnes to 60,000 tonnes of rail per year.
(Sourced from YIEH CORP)
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