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Union cabinet approves LTA for iron ore supply to Japan and South Korea through MMTC Ltd

Union cabinet approves LTA for iron ore supply to Japan and South Korea through MMTC Ltd

New Delhi, Apr 25 (IBNS): The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the renewal of Long Term Agreements (LTAs) for supply of iron ore (lumps and fines) of grade +64% Fe content to Japanese Steel Mills (JSMs) and POSCO, South Korea for another five years (i.e. April 1, 2018 to March 31,2023) through MMTC Limited.