EVRAZ ZSMK starts production of billets for Steel Asia, one of the largest rebar producers in Southeast Asia. The first lot will be 30 thousand tonnes.
According to the non-binding Memorandum of Understanding that EVRAZ and Steel Asia signed at the end of May EVRAZ will supply up to 50 thousand tonnes of billets a month to the plants of the Filipino company. The Memorandum was signed for a year, but can be extended by mutual agreement.
"EVRAZ has been supplying semi-finished products to the Philippines for a long time, and in recent years our sales to this region have grown, – Ilya Shirokobrod, EVRAZ Vice-President, Sales and Logistics, noted. – Steel Asia is one of the fastest growing billet consumers in the world, and we are glad to establish long-term relationships with such an ambitious client."
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