Emirates Steel requires 6mn tons of iron ore pellets annually
Emirates Steel has signed a four-year high value contract with Vale, the world’s largest producer of iron ore and iron ore pellets, to supply iron ore pellets for its steel production in Abu Dhabi, United Arab Emirates.
Emirates Steel and Vale have a long-standing business relationship that commenced in 2007 and has through this four-year contract strengthened into a strategic partnership. Emirates Steel has an iron ore pellet requirement of around 6mn tons per year.
The agreement was signed by Saeed Ghumran Al Remeithi, CEO, Emirates Steel and Peter Poppinga, Executive Director, Vale, during a recent meeting.
“This new partnership plays a vital role to further strengthening the growth of our steel production in Abu Dhabi, as well as realizing our vision of being a world class steel manufacturer,” observed Al Remeithi.
“This deal demonstrates Vale’s strong willingness to support the Middle East steel making industry through leveraging on competitiveness, productivity and performance with high quality products,” commented Poppinga.
