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"NYSE-listed iron-ore producer Cliffs Natural has entered into a new long-term commercial agreement with ArcelorMittal USA to supply the steel giant with tailor-made iron-ore pellets for the next ten years. The new commercial agreement, signed on Tuesday, would replace two existing agreements expiring in December and January and would fill the entirety of ArcelorMittal's pellet purchase requirements from the previous contracts. The agreement also included ArcelorMittal's total purchase of iron-ore pellets from Cliffs of up to 10-million long tons, preserving Cliffs' current position as ArcelorMittal USA's sole outside supplier of pellets.", www.miningweekly.com