Angang ink long-term and Mitsui Iron Ore Shipping Agreement
China Metallurgical News reported that Anshan Iron and Steel Group Co Ltd has signed a long term iron ore shipping agreement with Mitsui OSK Lines Ltd one operator of the world’s biggest fleet of bulk carriers for shipping iron ore and coal.
Earlier in April 2005, Angang singed three year Brazil iron ore
transportation cooperation with Mitsui. And this is the first time for
Angang to clinch a long term transportation agreement with foreign
shipping company which lays a solid floor for steel mill to import ore
from Brazil and Austria in the future.Mitsui founded in 1884, one of the largest shipping companies in the
world ranks No 1 with its largest scale of bulk freighter in global
market.Source: MySteel
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The Karara iron ore project, which is jointly operated by the Chinese steelmaker Anshan Iron & Steel Group Corporation (Angang Group) and Gindalbie Metals, a mineral resources miner based in Australia, will break earth soon.
Zhang Xiaogang, general manager of Liaoning-based Chinese steel producer Anshan Steel (Angang), has stated that in July many Chinese mills may incur losses, and thus more and more domestic steel producers will choose to cut or halt production.
China Knowledge reported that Angang Steel Co Ltd one of China top three steel producers has raised the prices of its major steel products for December.
Western Australian iron ore producer Gindalbie Metals Ltd and Chinese steelmaker Anshan Iron & Steel Group Corp (Angang Group) are planning to invest A$1.8 billion to develop the Karara iron ore mine in Australia and expect to obtain loans amounting to $1.2 billion from China Development Bank by early next
Mitsui O.S.K. Lines Ltd., operator of the world’s largest merchant fleet, is considering a greater focus on shipping liquefied-natural-gas and oil as overcapacity damps rates for hauling cargo boxes.
Mitsui O.S.K. Lines Ltd., operator of the world’s largest merchant fleet, said profit was double its forecast, citing an improvement in the global economy.
Mitsubishi Corp. and Mitsui & Co., Japan’s two biggest trading houses, forecast higher profit this year as surging prices for iron ore and steelmaking coal boost revenue from their energy and metals businesses. Mitsubishi’s net income may climb to 370 billion yen ($3.99 billion) in the year ending March 2011
It is reported that general meeting of shareholders of Masteel Co approved its Ore Purchase and Sale Agreement with Maanshan Iron & Steel Group, a three year agreement signed on October 15th. With the agreement Masteel Corporation can expect stable iron ore supply for its growing steel capacity on a
Fortescue Metals Group (FMG) is discussing with China about whether the discount will continue in the iron ore supply in the fourth quarter of 2009, according to foreign media, citing Graeme Rowley, executive director of the third biggest iron ore supplier in Australia.In August, the China Iron and Steel Association
Fortescue Metals Group (FMG) is discussing with China about whether the discount will continue in the iron ore supply in the fourth quarter of 2009, according to foreign media, citing Graeme Rowley, executive director of the third biggest iron ore supplier in Australia.In August, the China Iron and Steel Association
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