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Metalloinvest to supply HBI and Steel Strips to TMK

Steel News - Published on Thu, 14 Nov 2019

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Metalloinvest and TMK have signed agreements for the supply of HBI and rolled steel strips. In 2020, Metalloinvest will supply TMK with around 240,000 tonnes of HBI produced by Lebedinsky GOK. Pricing will be calculated using a formulaic method, based on scrap metal prices on the global and Russian markets. The second contract agrees the supply of around 75,000 tonnes of strips produced by Ural Steel to TMK.

Nazim Efendiev, First Deputy CEO and Sales Director of Management Company Metalloinvest, said that “These agreements extend the longstanding history of our partnership. TMK was one of Metalloinvest’s first major clients in Russia and recognised the advantages of using HBI in the production of high-quality steel. We began shipping HBI to TMK enterprises in 2015 and by the end of this year the total volume of shipments will have amounted to one million tonnes. The new HBI and strip agreements demonstrate a recognition of the quality of our steel products, as well as the shared ambition of Metalloinvest and TMK to expand our cooperation.”

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Posted By : Rabi Wangkhem on Thu, 14 Nov 2019
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