30
Dec
18:06
Essar enters iron ore agreement with Cliffs
Bankrupt Sault Ste. Marie, Ontario, steelmaker Essar Steel Algoma has inked a deal for iron ore pellets through 2020 with Cliffs Mining Company, Kallanish learns from a company statement.
The term sheet for the agreement stipulates that Cliffs will provide 70% of Essar’s pellet needs from 1 January, 2017, through 31 December, 2020.
"This term sheet comes as a result of a competitive process that secures the economic provision of this critical raw m…
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Anonymous
Very good overview of the weekly steel market.
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