Metalloinvest increases pellet shipments to NLMK

Andrey Varichev, CEO of Metalloinvest, commented: «Metalloinvest’s production capacities allow it to meet growing domestic demand for high-quality iron ore products, which is one of our strategic priorities. According to the terms of this latest agreement, we will increase pellet shipments to NLMK, with whom we enjoy a longstanding and mutually beneficial partnership.»

The long-term pellet supply contract, which was signed in 2011, was extended until 31 December 2016. The pricing under the contract takes into account current market indicators, as well as global market price trends.