KRU Overseas signs 2-year supply contract with Companhia Siderurgica do Pecem (Brazil)

KRU Overseas Limited has finalized a 2-year deal for the supply of high-quality PCI coal to Companhia Siderurgica do Pecem (CSP), Brazil.

KRU Overseas delivers premium ULV PCI and MV PCI material from Ust-Luga Coal Terminal (Rosterminalugol), the largest and the most advanced high-tech coal terminal in the Baltic region, to CSP’s own operated port of Pecem in Brazil.

The total volume of PCI coal to be supplied over the next 2 years ranges from 0.88 Mt to 1.1 Mt in Buyers option, which would mean from 6 to 8 Panamax deliveries per year. KRU Overseas, being a global trader of high-quality coal, is the exclusive supplier of PCI material to CSP and one of the biggest suppliers of coal to Brazil.

Founded in 2008, Companhia Siderurgica do Pecem (CSP) is a bi-national joint venture between Brazilian Vale (50% shares), one of the world’s largest iron ore mining companies, South Korean’s Dongkuk (30%), the world’s largest steel slabs buyer and Posco (20%), the world’s fourth largest steel company and the largest in Korea.

CSP is a modern steel company, which uses clean cutting-edge technology and guidelines, based on sustainable development in all its aspects – environmental, social and economic.