Noble Buys Five Iron-Ore Cargoes From Brazil’s Ferrous For Chinese Steel

Bloomberg reports Noble Group Ltd. (SIN:N21) in China bought five iron-ore shipments from Ferrous Resources Ltd. in Brazil.

The market news is quoted as saying,

Noble bought 750,000 metric tons to be delivered between next month and January, Ferrous Chief Financial Officer Andre Simao said in a telephone interview late yesterday. Four trading companies bid for the cargoes, with Noble offering the best conditions, he said, declining to name the other participants.

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