ArcelorMittal, Evraz Agree Supply Deal In Czech Republic
01 11월 2010 - 4:56PM
Dow Jones News
The world's largest steelmaker ArcelorMittal (MT) has agreed to
supply no less than 550,000 tons of liquid pig iron to Russian
steel producer Evraz Group SA's (EVR.LN) Czech unit, the Russian
company said Monday.
The supply of pig iron from ArcelorMittal Ostrava, a
ArcelorMittal unit, to Evraz Vitkovice Steel, Evraz's steel making
facility in the Czech Republic, will begin early November and "will
cover approximately the next five quarters," Evraz said in a
statement.
"The agreement is based on a price formula that both sides
consider mutually acceptable," Evraz said.
The supply of a minimum of 550,000 tons of pig iron a year will
cover about 80% of Evraz' production facility.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232
9197; jacob.pedersen@dowjones.com