Subscribe to industry newsletters

BizTrends 2018

Advertise on Bizcommunity

ArcelorMittal, Sishen agree pricing

Agreement has been reached between ArcelorMittal South Africa (AMSA) and Sishen Iron Ore (SIOC) on the terms and conditions that iron ore will be sold to the steel producer.
Under the new interim pricing agreement‚ the parties have agreed that 4.8m tons of iron ore will be supplied to AMSA at US$65 a ton.

The lump to fine ratio is 60:40 and the iron ore specifications are the same as those contained in previous agreements as are the other terms and conditions.

The new agreement will last for 12 months, ending in December next year or until the conclusion of the legal processes relating to the 2001 Sishen Supply Agreement.


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: