SEOUL, February 20, 2008 (RIA Novosti) - Russian
steel giant Mechel has agreed to supply annually between
100,000 to 300,000 metric tons of coking coal to South Korea's
Hyundai Steel from 2010, a Russian delegation source said on
Friday.
"An agreement has been signed on the delivery of an extra
100,000-300,000 metric tons of coking coal a year. The supplies
will be long-term," he said.
The documents were signed as part of a visit to South
Korea by Russian Deputy Prime Minister Igor Sechin.
Yakutugol, a Mechel subsidiary, will be in charge of the
deliveries.
The Russian steel giant currently supplies 1 million
metric tons of coal annually to South Korean consumers, and the
new agreement will increase the quantities by 10%-30%.
South Korea consumes 90 million metric tons of coal
annually, all of which is imported, Mechel said.
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