12
Nov
12:10
Metalloinvest signs HBI, strip supply agreement with TMK
Russia's iron ore miner and metallics and steel producer Metalloinvest will supply pipemaker TMK with hot-briquetted iron and steel strip for pipe manufacturing, the companies say.
The agreement provides for supply of 240,000 tonnes of HBI produced at Metalloinvest's Lebedinsky iron ore beneficiation plant (LGOK) in 2020, Kallanish notes. Price will be determined by a formula based on global and Russian domestic ferrous scrap prices. A total of arou…
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