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Thursday, July 16, 2009

Anshan Steel and STX ink ore supply deal

Beijing: Anshan Steel inked a 10 year, US$233m iron ore transport COA contract with STX Pan Ocean on July 10th forming a further cooperation based on their memorandum of 2007. According to the agreement, STX Pan Ocean will ship 1.7 million tonnes of iron ore per year from Brazil and Australia to the steelmaker.  [15/07/09]