Iron Ore Market Up 3rd Shipment Contract To Be Executed

Cotton & Western Mining, Inc. (OTC:CWRN) reported the recent down trend in spot pricing caused some companies to hold off on shipping.

As quoted in the press release:

Over the last 12 consecutive trading days, the market has rebounded and some Iron Ore Sellers are now executing sales contracts. The Company has been trucking materials to the Pacific Ocean Port of Ensenada, Baja California, Mexico and has stepped up trucking by adding more trucks. The Company sells Raw Crude Iron Ore based on the Platt’s Steel Index at landing on a 6 day average price, 3 days prior and 3 days after landing with a negotiated discount off Spot Pricing. It is anticipated that the landing price will be somewhat higher than the contract signing day Spot Market Price.

Click here to read the Cotton & Western Mining, Inc. (OTC:CWRN) press release.