Emirates Steel has signed a purchase agreement for iron-ore pellets with Sweden's LKAB to secure additional quantities of ore as the company increases production.
Topic
"The new agreement will strengthen our supply in support of our future growth plans," said Saeed Ghumran Al Romaithi, Emirates Steel's chief executive.
The Abu Dhabi-owned steel maker this year reached a production capacity of 3.5 million tonnes per annum, and requires around 4.8 million tonnes of iron-ore pellets every year.
Read more: http://www.thenational.ae/featured-content/channel-page/business/middle-article-list/emirates-steel-signs-swedish-deal#ixzz2OAb8e2Vu
No comments:
Post a Comment