30
Apr
01:00
AK Steel: Iron ore pellet supply won't be disrupted by Magnetation's struggle
US natural resources and iron ore mining company Magnetation LLC is facing liquidity challenges due to the huge declines in the price of iron ore. AK Steel, which has a pellet off-take agreement with Magnetation, says it will be able to source pellets elsewhere should supply from Magnetation be temporarily or permanently disrupted.
AK currently purchases pellets from multiple third-party suppliers and believes it could replace Magnetation LLC pellets with su…
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Anonymous
Very good overview of the weekly steel market.
Anonymous