15
Apr
11:21
Sinosteel signs Rio iron ore deal, extends JV
State-owned Chinese steel trader and producer Sinosteel has signed two deals with Rio Tinto which will see it receive 70 million tonnes of iron ore from the Pilbara. At least a portion of the ore will come from the Channar Mining iron ore joint venture, which the pair also agreed to extend, Kallanish notes.
Channar Mining, which is 60% owned by Rio, will be extended for another 5 years and Rio will supply another 30mt of iron ore over the period, the latest agre…
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Anonymous
Very good overview of the weekly steel market.
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