TISCO signs barter agreement with a Chinese company
According to recent news in the market, Indian steel producer Tata Iron and Steel Corp (TISCO) signed a barter agreement last week to supply
iron ore to a Chinese
trading company.
The name of the
trading company and the cost of deal have not been revealed yet.
An official from TISCO stated that the agreement is in line with company's plan of exporting its raw materials, especially at a time when many steel producers worldwide suffer from shortage of raw materials.