Articles Tagged "mittal"

Arcelor Mittal announced not to buy Iron Ore on Spot Markets

ArcelorMittal, the world’s biggest steelmaker, declared that it was not buying any iron ore on a spot basis and all its ore purchases were based on traditional contracts. Lakshmi Mittal, the chairman and chief executive of the company, stated: We’re not buying anything on spot, we’re buying all on contract price. For full story, click [...]