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Shagang secures long-term pellet contract

Shagang secures long-term pellet contract

Write: Utah [2011-05-20]

Shagang has signed a contract to purchase about three million tons of premium pellet from Switzerland-registered FERREXPO in the next ten years starting on April 1, 2010. FERREXPO produced nine million tons of pellet last year, 90 percent of which was sold in the overseas market.