3.35 (1.78%) Tata Steel, the flagship company of the Tata Group, has taken delivery of the first shipment of iron ore from a new iron ore supplier, Northland Resources. The company is looking forward to receiving further shipments as relationship grows under company’s long-term supply contract. The MV Star Norita arrived at Tata Steel’s IJmuiden terminal in the Netherlands on March 2, 2013, loaded with 55,000 tonnes of high-grade iron ore pellet feed. Further the contract between Tata Steel and Northland Resources envisages six million tonnes of Kaunisvaara iron ore of more than 69 percent iron content being delivered over a 7 year period.
Tata Steel is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.