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, MMKs 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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