GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

 Emirates Steel has an iron ore pellet requirement of around 6 million tons per year

Abu Dhabi, UAE - 4 November 2018:   Emirates Steel, the only integrated steel plant in the UAE, has signed a four-year (2018-2021), 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 6 million tons per year. 

The agreement was signed by HE Saeed Ghumran Al Remeithi, CEO of Emirates Steel and Mr. Peter Poppinga, Executive Director, Vale during an official meeting held at the Emirates Steel office in the presence of senior officials from both companies. 

“The agreement with Vale comes in line with Emirates Steel strategy, which aims to secure flexible source of iron ore at competitive, stable and long term prices. 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 providing the highest quality products, services and solutions to our customers and maximizing returns to our shareholders,” said Mr. Al Remeithi.  

“We are confident that this long-term supply contract will give us more flexibility to better serve our customers, achieve our business targets and to continue our focus on operational excellence. We are delighted to have signed this agreement with Vale and look forward to working closely together,' he added. 

Commenting on the agreement, Mr. Peter Poppinga, Executive Director, VALE said: “The long-term agreement resembles the two companies visions combined in long-term partnership. Also shows Vale's strong willingness to support the Middle East steel making industry through leveraging on competitiveness, productivity and performance with high quality products.”



Posted by : GoDubai Editorial Team
Viewed 6917 times
Posted on : Sunday, November 4, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ability to Embrace Technology Will Determine Future of Food Manufacturing in the Gcc, Says Global Ex...
Next Story : Liberty Steel agrees deal with ArcelorMittal to acquire further three European steel plants
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Introducing Burberry Bespoke Fragrances
Making many tones from one
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Longchamp Spring/summer 2019 Show
A Chaumet Valentine's Day Sentimental jewellery
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
The Preston watch collection by Coach
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Beef Sushi- Love at first bite
Always take the front row with this 7.2” supersized smartphone screen
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Nissan Energy demonstration hits the spot
HUGO BOSS watches Legacy Casual Family collection
Scuderia Ferrari presents PILOTA Family Collection
Jewellery shoppers to keep winning big this Dubai Shopping Festival
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh
Sawalef Perfumes unveils product range of delicate scents in 2019
Spring/Summer ‘19 Collection IL Gufo Underwater
Nicole Kidman at the Golden Globe Awards
Flying Grand Regulator now available in new colour combinations
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Time for Unsung Heroes to Be Recognised With Citizen Campaign
Bollywood Actor Anil Kapoor inaugurated 2 new outlets of Malabar Gold & Diamonds...
Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition
Dubai-based sports star Sarra Lajnef gets Women Leadership Award
Airbus boosts Intersec 2019 with Progressive Comms Technology
OMEGA reintroduces the iconic Calibre 321
The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource...
Dawoodi Bohra Trade Expo begins at Expo Centre Sharjah
Audi turns the car into a virtual reality experience platform at CES
Opening Ceremony of Azerbaijan House in the United Arab Emirates
Citi UAE opens Citigold lounge in Abu Dhabi.
Alawwal bank becomes first Middle East firm to offer AI training for all staff
2020 Cadillac XT6 Makes Global Debut
The UAE-Kosovo Economic Forum launches a new phase of economic partnerships
The Region's Most Anticipated Shopping Festival Is Back at Burjuman
Central Bank of the UAE Holds its 1st Board of Directors Meeting for 2019
Global Energy Forum: His Excellency Khalid Al-Falih's address on day three
IPAF hosts 10th UAE Nadwa
Sultan Awards Oil & Gas Exploration Concession to Italy's Eni
UAE residents go on a two-week Camel Trek across the UAE desert