Glencore settles CSN coking coal dispute

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 trading firm...


December 01, 2008

00:00 GMT