Ma'anshan Steel and CVRD settle new contract for iron ore

Ma’anshan Steel and CVRD settle new contract for iron ore

SteelOrbis is reported that, Ma'anshan Steel Corp.(Magang) has signed a contract, that is to be valid for six years, for suppliance of iron ore with Brazil Mining Corp. Pursuant to the contract, CVRD will supply 3'500'000 tons iron ore each year in 2004-2005 period and in the period of 2006-2009, it will supply 4'000'000 tons each year.