November 4, 2018 / 7:27 AM / 17 days ago

Emirates Steel signs four-year high value contract with Vale -statement

DUBAI, Nov 4 (Reuters) - Emirates Steel IPO-EMSI.DU, the largest steel producer in the United Arab Emirates, signed a high value four-year contract with Brazil’s Vale, the firm said in a statement on Sunday.

Vale, the world’s largest producer of iron ore and iron ore pellets, will supply iron ore pellets for Emirates Steel’s steel production in Abu Dhabi, the statement said, without giving a value for the deal.

Emirates Steel has an iron ore pellet requirement of around 6 million tons per year. (Reporting by Asma Alsharif; Editing by Catherine Evans)

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