OREANDA-NEWS. Starting from 1 April the price of iron ore concentrate and pellets supplied to Alchevsk Steel Works and Dnepropetrovsk Dzerzhinskiy Steel Works will increase by 65%, reported the press-centre of SCM.

Within the framework of the long-term contract for supplying iron ore raw materials Corporation “Industrial Union of Donbass” and OOO “METINVEST HOLDING” have signed the amendments which specify changes in the price of iron ore raw materials. The price was adjusted in accordance with the index of the iron ore price changes on the global market (+ 65%).

Management of both companies express their content with the fact that the companies further their long-term cooperation? Which will have positive effect on the whole of the metals and mining sector of Ukraine and will strengthen positions of the Ukrainian producers on the world steel market.

Signing such long-term raw material supplies contracts goes in line with the standards that are universally recognized in the global metal sector. Being long-term strategic partners Metinvest and IUD Corporation fully meet the responsibilities that they assumed.