In accordance with the agreements, by the end of 2020, Mechel will supply Steel Mont with up to 700 thousand tons of products: up to 350 thousand tons of metallurgical coke produced at the Moscow Coke and Gas Plant, and up to 350 thousand tons of PCI and anthracites produced at the "Southern Kuzbass". Delivery will be carried out by sea through the Mechel-Temryuk Port in the Krasnodar Territory, as well as through the Russian ports of the Northern and Baltic basins.
“According to our estimates, the demand for metallurgical coals and coke, despite the volatility in global commodity markets will remain robust. We are glad to see the company "Steel Mont" among our regular partners. Thanks to the signed contract, Mechel will be able to increase export sales of the mining division's products in the coming reporting periods, ”commented Pavel Shtark, Deputy General Director of Mechel PAO.
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PAO“ Mechel Ekaterina Videman Tel .: +7-495-221-88-88ekaterina.videman@mechel.com
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Mechel is a global mining and metallurgical company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
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Certain statements in this press release may contain assumptions or predictions about future events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to caution you that these statements are only assumptions and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Form 20-F annual report. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including, but not limited to, achieving the anticipated level of profitability, growth, cost and efficiency of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.
08/29/2019
