Sept11, 2011
Russia's leader in the mining and metallurgical industry Metalloinvest and one of the leaders of Russia's steel industry Magnitogorsk Iron & Steel Works (MMK) have agreed on pricing for iron ore supply based on current market indicators and price dynamics in the global iron ore market.
Accordingly, Metalloinvest's Mikhailovsky Mining and Processing Plant will supply iron ore to MMK for a period of up to three years.
Tags: iron ore, raw mat, Russia, CIS, MMK, mining
(sourced steelorbis)
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