Tulachermet to supply Switzerland's Alpicom with $300 mln worth of metal
KEMEROVO. Aug 18 (Interfax) - Merchant pig iron producer PJSC Tulachermet , which is part of Industrial Metallurgical Holding (IMH), will supply Swiss metals trader $300 million worth of metal, Tulachermet said in materials.
The contract was signed on August 16 and is valid for the period August 2017 to December 2019.
The volume of supplies was not disclosed, and the amount of the deal was described as "indicative."
The materials say that Tulachermet will supply the company with foundry pigs in bulk.
Tulachermet produces nine pig iron grades for export markets, including steel-making pig iron for steel works and foundries, nodular and semi-nodular grades for manufacturers of malleable castings and six grades of foundry iron for foundries. Along with merchant pig iron, the plant produces and sells granulated slag and broken slag for production of various types of concrete and road building.
Alpicom S.A. says on its website that it trades pig iron, coke, nickel and its alloys. It trades pig iron from Russia, Ukraine and Brazil, among other countries, produced by companies such as NLMK , Tulachermet and Donetskstal, among others.