OAO Severstal insists that OAO Uralvagonzavod starts making a 100% prepayment on its rolled metal products orders starting the last quarter of 2010, Kommersant reports.

A letter explaining this demand was sent to Uralvagonzavod the day before. The change in the terms of contract was brought about by the ‘serious payment deadline problems on the part of the plant without any explanations as to the reasons for such practices’. The metallurgical enterprise’s representative refused to quote the exact amount of debt but did say that the deadline had been missed by eight days as of September 9, 2010.