BHP Billiton, Baosteel signs 10-year iron ore supply agreement

摘要

World leading iron ore provider BHP Billiton announced Wednesday it had signed a 10-year deal to supply China's Baoshan Iron and Steel Co. (Baosteel) with an additional 94 million tons of iron ore. The Anglo-Australia miner will supply 10 million tons of iron ore annually to China's largest steel producer, up from 6 million tons under previous long-term supply arrangements, the two said in separate statements. The first shipment under the new contract is scheduled for April. The ore will be supplied "at a price to be mutually agreed each year", they said.