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Glencore settles CSN coking coal dispute
December 01, 2008 - 00:00 GMT
Agreed - Battle averted as trading firm returns to normal commercial activities
Swiss trading firm Glencore has settled a dispute with
Brazilian steelmaker CSN, which it said cancelled metallurgical
coke supply contracts worth around $113 million. Whilst
certain commercial disputes did take place between Glencore and
CSN, these have now been resolved to the satisfaction of both
parties, and normal commercial activities have resumed, a
Glencore spokesman told MB last week. A spokeswoman for CSN
declined to comment on the situation. According to documents
filed with the US District Court of Southern Indiana, the
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Euromoney Institutional Investor PLC.
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