BRIEF-Essar Steel Algoma Settles Contract Dispute

Thu Apr 28, 2016 10:09am EDT
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April 28 (Reuters) - Essar Steel Algoma Inc :

* On Monday, April 25, 2016 , Essar Steel algoma settled its contract dispute with cliffs natural resources

* Pursuant to settlement, parties have agreed to re-instate contract

* Cliffs will resume supply of iron ore pellets to essar steel algoma for a portion of company's remaining 2016 requirements

* Essar Steel Algoma Inc says settlement, which resolves all claims between parties, is subject to documentation and requisite court approval

* Cliffs will return to contract's existing terms in 2017 and beyond Source text for Eikon: Further company coverage: