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Stock Market & Financial Investment News

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April 14, 2014
08:10 EDTGSIGeneral Steel signs supply agreement with Rio Tinto Iron Ore Asia
General Steel Holdings announced that its principal manufacturing facility, Shaanxi Longmen Iron and Steel, has signed a supply agreement with Rio Tinto Iron Ore Asia Pte. for procurement of imported iron ore in 2014, commencing from April 1. Under this agreement, Rio Tinto will directly provide Longmen Joint Venture at least 1.5M metric tons of imported iron ore at a favorable price based on the average monthly iron ore index upon delivery.
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