SteelAsia signs steel billet supply agreement with Evraz

SteelAsia Manufacturing Corp, the biggest steelmaker in the Philippines, has signed a memorandum of understanding (MoU) with Russia’s Evraz for the supply of steel billet.

Under the agreement, Evraz will supply up to 50,000 tonnes of billet per month to the mill, Roberto Cola, SteelAsia’s vp for industry affairs, told Metal Bulletin on Monday May 29.

The deal, which will involve $250 million worth of billet a year, was signed in Russia last week during Philippine President Rodrigo Duterte’s...

Published

Juan Weik

May 30, 2017

08:10 GMT

Singapore