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Evraz signs 5-year deal to supply rail products to Russian Railways

Evraz Plc said Feb. 19 that it signed a long-term agreement with Russian Railways to supply various rail products.

As part of a five-year contract, the company agreed to supply 3.2 million tonnes of products worth about 111.7 billion rubles.

The agreement will see a gradual increase in the supply of 100-meter rails to 360,000 tons by 2020.

The contract specifies the volume of deliveries and the rail categories' mix for each year, and provides an option to redistribute the volume or categories depending on the need, said Ilya Shirokobrod, Evraz vice president for sales and logistics.

As of Feb. 19, US$1 was equivalent to 56.35 Russian rubles.