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EVRAZ expands cooperation with one of the largest rebar manufacturers in Southeast Asia

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EVRAZ expands cooperation with one of the largest rebar manufacturers in Southeast Asia

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.»