[Ferro-Alloys.com]Raspadskaya, the second largest coal enterprise in Russia said that it has reached a long-term agreement with South Korean Hyundai Steel to supply coal from 2013.

The firm will increase the coal supply to Hyundai Steel gradually from 2013 to the maximum supply of 300,000 tons.

In the first nine months of this year, Raspadskaya exported 500,000 tons of coals and the firm has aggressively expanded its business into the international market in recent years.