Steel Mills
October 8, 2015
Cliffs Terminates Pellet Contract with Essar Steel Algoma
Written by Sandy Williams
Cliffs Natural Resources has terminated its iron ore supply agreement with Essar Steel Algoma alleging Essar made multiple and material breaches under the agreement.
“While the agreement has been terminated, Cliffs remains open to discussing supplying Essar with pellets on commercially reasonable terms consistent with a just-in-time iron ore supply arrangement,” said Cliffs in a statement on Tuesday.
