Re: Baosteel signs ferrochrome supply pact with India Farco (Feb 18, 2011)

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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lakeside

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Re: Baosteel signs ferrochrome supply pact with India Farco (Feb 18, 2011)

in response to

Re: Well, NOT certainly looks like it's about to enter the deep water....

B-Jay

posted on May 04, 2011 09:36AM

SHANGHAI Feb 18 (Reuters) - Baosteel Group, China's second-largest steelmaker by output, said Friday it haad signed an agreement with India's Ferro Alloys Corporation (Farco) to secure ferrochrome supply to support stainless steel production.

Baosteel Resources, the group's resources subsidiary, inked a supply contract for a second year with India's top ferroalloy producer, which produces 140,000 tonnes of high-carbon ferrochrome annually.

Baosteel did not reveal the contract volume in the statement on its website.

The two companies also discussed cooperation in the supply of coking coal, a key steelmaking ingredient and developing resources overseas.

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