Mechel and Evraz are the most effective exporters of coal in the world

Devaluation of coal has had a positive impact on the competitiveness of Russian coal exporters that have taken advantage in the amount of $20 per ton over their competitors from Australia and North America. Citi Group’s analysts say that over the past six months, the cost for the major exporters of coal dropped significantly - for Australian and North American by $15-20 per ton, and for the Russian by $40.

New coal conditions are favorable for Mechel, which exports 70% of coal, mined by its coal division, Evraz, which owns the Raspadskaya mine and a number of coal assets in Kuzbass. Among exporters of thermal coal leaders are SUEK, SDS ugol and Kuzbassrazrezugol, which is a part of UGMK.

In particular, Mechel agreed to expand cooperation with the China's largest steel corporation Baosteel Resources. The new memorandum suggests an increase in exports to China to 1.4 million tons of coking coal per year.