Russia's Mechel signs supply deal with China's Baosteel
MOSCOW, March 21
MOSCOW, March 21 (Reuters) - Russian steel and coal miner Mechel said on Thursday it had signed a deal to supply China's Baosteel with 960,000 tonnes of coking coal annually.
The one-year contract, signed by Mechel's Singapore-based subsidiary Mechel Carbon and Baosteel Resources Int. Co., may be extended and the price will be adjusted on a monthly basis, Mechel said in a statement.