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Mechel signs coke supply deal with HBIS Group

Mechel PAO said Dec. 21 that it signed a memorandum on coke supply with Hebei Iron & Steel Group Co. Ltd.'s Serbian unit, HBIS Group Serbia Iron & Steel.

The deal will see Mechel's Moscow Coke & Gas Plant OAO unit supplying HBIS Group with up to 120,000 tonnes of coke products per year. Deliveries will be made in 2018, with prices to be negotiated on a quarterly basis.

Mechel also recently signed a memorandum for a long-term coal supply deal with China's Jidong Cement.