Wednesday, July 15, 2009

LKAB Agrees 48% Iron Ore Pellet Cut With Salzgitter

Swedish high-grade iron ore producer LKAB has said it has agreed with its largest German pellets customer, Salzgitter AG, to lower its annual iron ore pellet price by 48.3%.

LKAB has settled the price for blast furnace pellets with Salzgitter Flachstahl at $1.2643 per dry metric ton Fe unit for 2009.

Source: Trading Markets

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