25
Aug
09:45
Usiminas reduces Musa iron ore offtake volumes
Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais (Usiminas) has approved changes to its iron ore supply contract with subsidiary Mineração Usiminas (Musa), Kallanish learns from a statement issued by the company.
According to the agreement, Usiminas will “… reduce the volume of its obligation to acquire (“take or pay for”) iron ore from its subsidiary from 4 million tonnes/year to 2.3m t/y.” The steelma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous