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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

July 04, 2008

Chinese Steel Mills have reached an Iron Ore Agreement with BHP Billiton Ltd

HONG KONG, July 4 - Chinese steel mills have reached an iron ore agreement with BHP Billiton Ltd/Plc <BHP.AX> <BLT.L> in line with the near-doubling of prices won by rival Rio Tinto Ltd/Plc <RIO.AX> <RIO.L>, Chinese industry sources said.

Confirming a report in the Australian Financial Review, the industry sources in Beijing said the mills had reached an accord with BHP on Thursday.

It had taken time to study the deal, which initially was hammered out between Baosteel and Rio, they said.

Baosteel said last month it had agreed to pay up to 96.5 percent more for its iron ore under a term contract with Australian miner Rio.

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