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Severstal to Supply Coking Coal and Iron Pellets to Rautaruukki

Severstal has announced that Severstal Resources Mining Division will supply Rautaruukki’s production facilities with coking coal and iron ore pellets for the next three years. Shipments will be supplies by ОАО Karelsky Okatysh and ОАО Vorkutaugol, which are managed by the Severstal Resources Mining Division.
 
The Mining Division’s deliveries will meet about 20% of the Finish Rautaruukki’s demand for coking coal and iron ore pellets.
 
Initial pellet shipments to Rautaruukki took place in May, and the first coal deliveries are scheduled to begin in July 2012.
 
“We welcome Rautaruukki as a client of our Division and see great prospects for our companies’ cooperation,” commented Sergei Starodubtsev, Director for Sales, Marketing & Logistics, Severstal Resources Division. “Customer-oriented approach is among Severstal’s key values, and we intend to be a reliable supplier of quality products to our partners.”