Russia's Mechel signs supply deal with China's Baosteel

MOSCOW, March 21 Thu Mar 21, 2013 6:11am EDT

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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.