OREANDA-NEWS. April 02, 2009. The Federal Antimonopoly Service (FAS Russia) is finalizing the work on devising coefficients of technological value for coking coals and their concentrates produced in the Russian Federation, reported the press-centre of FAS Russia.

The session of the Working Group for devising coefficients of technological value for coking coals and their concentrates, that took place on 18th March 2009, involved representatives of the largest Russian coal and iron-and-steel companies - "Raspadskaya" Coal Company, "Sibuglemet", "SDS-Ugol", "Altai-Koks", "Belon", "Mechel", "EvrazHolding", "Metalloinvest", "Novolipetsk Steel", and "SeverStal".

The participants discussed the techniques for calculating coefficients of technological value for coking coals and their concentrates produced in the Russian Federation, devised by the "VYKhIN" [East Research Coal Chemistry Institute] Federal State Unitary Enterprise.

Based on the outcome of the discussion, the Working Group decided to correct the technique with due account of the comments and proposals presented at the meeting of the Working Group.

Upon adequate correcting and approving the technique, the coefficients of technological value for coking coals and their concentrates, determined in accordance with the technique, can be used for calculating the prices of long-term contracts.