Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2008 | Steel Raw Materials


Magnitogorsk cuts prices 30%: Coking Coal Analysis


MBR understands that Russian steel producer, Magnitogorsk, has reached agreement with its main coal suppliers to cut prices by 30%.

MBR understands that Russian steel producer, Magnitogorsk, has reached agreement with its main coal suppliers to cut prices by 30%. While further details were not released, MMK’s purchases most of its coal from Raspadskaya, Mechel, and Evraz. MMK has been successful in negotiating down the price it pays for its raw materials on a number of occasions in the past few...

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