Mubadala Brazilian Iron Ore Port Loses Key Contract

Posted on 06/24/2015


Usinas Siderurgicas de Minas Gerais SA (Usiminas), one of Brazil’s largest steelmakers, moved to terminate its iron ore shipment contract with MMX Sudeste Port. Historically low prices of iron ore was a factor. The port is fighting back, taking all appropriate measures including arbitration. The contract was signed in February 2011. Sudeste Port is a […]