Mechel transits to account settlement in Chinese yuan
Edited by Rhod Mackenzie / 2014-08-21 12:22:46
China Finance Metals and mining Russia China Metals and Mining Mechel Russia Metals and Mining Steel
In the near future, Mechel can transit to Chinese yuan instead of USD in account settlement with the Chinese clients, the CEO of the Singapore trade department of Mechel Carbon, B. de Meulemeester. Now the sales are performed by USD letters of credit that can be used in the Singapore banks. If the sides transit to account settlement in yuan
