The chiefs of Emirates Steel and Vale sign mutually beneficial "high value" agreement
The chiefs of Emirates Steel and Vale sign mutually beneficial "high value" agreement

Emirates Steel and Vale agree long-term iron deal

UAE state-owned steel producer Emirates Steel has signed a four-year contract to receive iron ore pellets for its Abu Dhabi plant from Brazilian mining giant Vale.

Vale has been a major supplier to Emirates Steel, which uses around 6m tonnes of the pellets a year, since 2007. Emirates Steel said the agreement would strengthen the strategic partnership between the two.

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