Metalloinvest and Evraz signed long-term agreement

Metalloinvest and Evraz have established a long-term partnership. The new five-year contract replaces the previous three-year agreement.

Andrey Ugarov, First Deputy CEO of Management Company Metalloinvest, commented: “Our key priorities are production efficiency and the quality of our products. The supply agreement for Evraz products meets Metalloinvest’s requirements and ensures production efficiency. I am confident that the signing of long-term agreements serves the mutual interests of Metalloinvest and Evraz and will contribute to the development of further co-operation between our two companies.”

Ilya Shirokobrod, Vice President of Sales of Evraz, added: “The new five-year agreement ensures that Metalloinvest, a key client, will receive guaranteed supplies, and our ball rolling facilities in Nizhny Tagil and Novokuznetsk will benefit from stable orders. We recently completed a large-scale modernisation programme for our equipment, which enabled us to increase the quality of our products. In addition, Evraz has started the design phase for a new rolling mill and we expect to offer Metalloinvest steel ball products of a quality that is not yet available in Russia.”