Jiangsu Shagang Of China Secures Stable Supply Of Iron Ore With Long-term COA

摘要

Chinese leading steelmakers are concluding successively long-term COA's to avoid unprecedented high spot freight rates associated with the rapid growth of steel production in the country. Jiangsu Shagang, forerunner of business growth, appears to have concluded a long-term COA with Japanese shipping companies, subsequent to Shanghai Baosteel and Maanshan.