Emirates Steel Industries, a subsidiary of Abu Dhabi Basic Industries Corporation (Adbic), said it has signed a sales contract with Sweden’s LKAB to source quality iron ore pellets beginning 2013.
LKAB is an international high-tech minerals group that produces iron ore products for the steel industry and mineral products for other industries and applications.
Highlighting the importance of the agreement, Hussein J Al Nowais, the chairman of Senaat, the holding company of Emirates Steel, said it aims to complement the company’s efforts to enhance the value of its steel products by sourcing high quality raw materials with international standards.
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