Cliffs extends iron ore pellet deal with AK

Aug 28, 2013 | 12:19 PM |

Tags  Cliffs Natural Resources, AK Steel, supply pact, iron ore, iron ore pellets, ArcelorMittal, Essar Steel Algoma

SHANGHAI — Cliffs Natural Resources Inc. has entered into a long-term agreement to supply AK Steel Corp. with iron ore pellets for 10 years starting in 2014.

The contracted volumes will be sold at annual prices determined by a formula-based pricing mechanism, Cliffs’ said Aug. 27. The minimum and maximum prices were not disclosed.....

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