01
Mar
13:41
Russian HBI JV contracts technology, agrees pellet supply
Metalloinvest’s Mikhailovsky GOK (MGOK) has signed a letter of intent to supply to Mikhailovsky HBI iron ore pellet for its prospective hot-briquetted iron plant in Zheleznogorsk.
Mikhailovsky HBI is 55% owned by USM and 45% by MGOK. The joint venture is constructing a HBI plant in the Kursk Region with a production capacity of 2.08 million tonnes/year, Kallanish notes. It has ordered the unit from Primetals and consortium partner Midrex for RUB 40 billion (…
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Anonymous
Very good overview of the weekly steel market.
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