It has turned out that on July 10 China's Anshan Iron and Steel (Group) Corp ("Ansteel") entered into a longterm Contract of Affreightment ("COA") with STX Group to transport Australian and Brazilian iron ore mainly to Ansteel's Bayuquan steelworks at Yingkou. The contract period has not been revealed. |
STX Group is South Korean leading shipbuilding and shipping enterprise, and has also a COA concluded with Maanshan Iron and Steel of China. Ansteel is operating Bayuquan steelworks besides that situated in Anshan, Liaoning province.