Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) has signed a deal to supply iron ore to international trading company Glencore.
CSN's mining unit will receive a pre-payment of $500 million, and in turn will supply around 22 million tonnes of iron ore over a period of five years, CSN said late on Wednesday February 20."The transaction is part of CSN's deleveraging plan, as already disclosed by the company," it said. "The disbursement will occur once certain precedent conditions have been met."The iron ore will be...