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10 Feb
15:00

Metalloinvest, KAMAZ agree pricing formula for 2016

Russian steelmaker Metalloinvest says it has signed a formula pricing agreement for 2016 with its key steel customer, local truck producer KAMAZ. The formula has a basic part of the price and takes into account changes in steel market conditions, Metalloinvest says in a statement seen by Kallanish. Details regarding the formula were not provided. “The agreement allows Metalloinvest to maintain a sustainable level of utilisation rates at its product…
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