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SID State Bank of India

93.00
4.50 (5.08%)
22 Nov 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
State Bank of India TG:SID Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.50 5.08% 93.00 92.50 93.00 92.50 91.00 91.00 126 22:50:18

Companhia Siderurgica Nacional Announces Two New Long-Term Supply Contracts

10/06/2008 3:43pm

PR Newswire (US)


State Bank of India (TG:SID)
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RIO DE JANEIRO, Brazil, June 10 /PRNewswire-FirstCall/ -- CSN (NYSE: SID; Bovespa: CSNA3), Company that combines steel, mining, infrastructure and cement businesses, hereby informs its shareholders and the public that, on this date, it signed two new long-term supply contracts with Gulf Industrial Investment Co. (E.C.) (GIIC), a company headquartered in Bahrain, to supply pellet feed produced by the Casa de Pedra Mine and the mines operated by NACIONAL MINERIOS S.A., CSN's wholly-owned subsidiary. The contracts envisage the supply of at least 183,300,000 (one hundred eighty-three million, three hundred thousand) tonnes of pellet feed over 25 (twenty-five) years, starting in 2009. The contractual terms, including those related to price and price adjustment criteria, are in line with the market practices in the international iron ore industry. CSN believes that these two new contracts reaffirm its objective of expanding its mining operations and underline its capacity and reliability for supplying high quality iron ore. Companhia Siderurgica Nacional Otavio de Garcia Lazcano Investor Relations Officer Investors Relations Companhia Siderurgica Nacional Phone: 55 11 3049 7591 E-mail: http://www.csn.com.br/ir DATASOURCE: Companhia Siderurgica Nacional CONTACT: Companhia Siderurgica Nacional, +011-55-11-3049-7591, Web site: http://www.csn.com.br/ir

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