Japanese major integrated steel makers including Nippon Steel agreed with MMTC of India on the renewal of the long-term iron ore purchasing contracts on Wednesday. The integrated steels will import totally 3.47-6.75 million tonnes of iron ore per year from MMTC during 5 years to fiscal 2010 ending March 2011. The integrated steels can secure all of required iron ore by only long-term contracts thanks to the contracts renewal. They also agreed to import 3.47 million tonnes of iron ore from MMTC in fiscal 2006, the minimum volume per year along the contract, and to raise their purchasing prices by 19% in fiscal 2006 from fiscal 2005.Japanese integrated steels contracted with MMTC to import 5.21-9.15 million tonnes of iron ore per year during 5 years to fiscal 2005. The iron ore import decreased to 4 million tonnes in fiscal 2005 under the specific situation that Kudremukh mine was closed converted into a national park. Japanese integrated steels could secure specific amount of iron ore import even when MMTC is leaning to supply more iron ore to Indian steel makers which recently expand their crude steel production sharply.The contracted fine ore price between Japanese integrated steels and MMTC for fiscal 2006 is FOB US 71.64 cents per dry metric ton unit, which represents US$ 46.6 per tonne for ore with 65% Fe produced at Biladila. The lump ore price is US 92.34 cents. The prices followed the level of the agreement between Japanese integrated steels and Australian and Brazilian major iron ore suppliers.
Japan Steel Scrap Composite Prices (Sangyo Press)
- Agenda for Change Agreement
- Retention Bonus Agreement Pdf
- Car Rental Agreement Sample Free Uk
- Company Sale and Purchase Agreement Template
- Party Wall Agreement Cost London
- Wto Sps Agreement Ppt
- Athlete Representation Agreement
- Property Management Agreement Example
- China-Europe Comprehensive Investment Agreement
- Agreement on Subsidies and Countervailing Measures
- Agreement for the Provision of Marketing Services
- Prenuptial Agreement Form Nys
- Home for Sale by Owner Contract Form
- Business Combination Agreement Lilium
- Uk Dutch Double Taxation Agreement
- Quickbooks Online Service Agreement
- Simple Loan Agreement with Balloon Payment
- Agreements Form
- Liquidated Damages for Breach of Confidentiality Agreement
- An Agreement Synonyms