Vale to supply iron ore for Essar's green steel project in Saudi Arabia
Steel

Vale to supply iron ore for Essar's green steel project in Saudi Arabia

Global mining giant Vale International has entered into an agreement to supply iron ore to Essar Group's green steel project in Saudi Arabia, according to a statement by the Indian firm. This deal follows Essar's previous agreement with Bahrain Steel for the supply of DR-grade pellets for the same project.

With the partnership with Vale, Essar has now secured a 100 per cent supply of raw materials for its Saudi steel plant, marking a significant milestone for the project.

Vale International, a subsidiary of Vale SA, a leading global mining company known for producing Brazilian iron ore and iron ore agglomerates, will provide Essar Group with an annual supply of 4 million tonnes of iron ore agglomerates, including DR grade pellets and briquettes.

Operating from facilities in Brazil and Oman, Vale is a key provider of high-quality raw materials to integrated steel producers worldwide.

Essar's ambitious investment of approximately USD 4.5 billion aims to establish an integrated steel plant in Ras Al Khair, Saudi Arabia. The project includes a direct reduced iron (DRI) capacity of 5 million tonnes per annum, comprising two 2.5 million-tonne modules, along with a hot strip capacity of 4 million tonnes per annum. Additionally, the project encompasses 1 million tonnes of cold rolling capacity, as well as galvanising and tin plate lines.

Vale's regional director, Andre Figueiredo, expressed the company's commitment to meeting the growing demand for raw materials in the steel industry, especially in the Middle East, and highlighted the potential for lower carbon emissions with Vale's high-grade iron ore agglomerates.

Naushad Ansari, Country Head for Essar Group in Saudi Arabia, emphasised their goal of starting production in 2027 and replacing flat steel imports into Saudi Arabia and the GCC region with their range of products. The Essar project aims to be a pioneering Green Steel initiative in the region, aligning with Saudi Arabia's demand for steel products and its Vision 2030 objectives to reduce carbon emissions.

Global mining giant Vale International has entered into an agreement to supply iron ore to Essar Group's green steel project in Saudi Arabia, according to a statement by the Indian firm. This deal follows Essar's previous agreement with Bahrain Steel for the supply of DR-grade pellets for the same project.With the partnership with Vale, Essar has now secured a 100 per cent supply of raw materials for its Saudi steel plant, marking a significant milestone for the project.Vale International, a subsidiary of Vale SA, a leading global mining company known for producing Brazilian iron ore and iron ore agglomerates, will provide Essar Group with an annual supply of 4 million tonnes of iron ore agglomerates, including DR grade pellets and briquettes.Operating from facilities in Brazil and Oman, Vale is a key provider of high-quality raw materials to integrated steel producers worldwide.Essar's ambitious investment of approximately USD 4.5 billion aims to establish an integrated steel plant in Ras Al Khair, Saudi Arabia. The project includes a direct reduced iron (DRI) capacity of 5 million tonnes per annum, comprising two 2.5 million-tonne modules, along with a hot strip capacity of 4 million tonnes per annum. Additionally, the project encompasses 1 million tonnes of cold rolling capacity, as well as galvanising and tin plate lines.Vale's regional director, Andre Figueiredo, expressed the company's commitment to meeting the growing demand for raw materials in the steel industry, especially in the Middle East, and highlighted the potential for lower carbon emissions with Vale's high-grade iron ore agglomerates.Naushad Ansari, Country Head for Essar Group in Saudi Arabia, emphasised their goal of starting production in 2027 and replacing flat steel imports into Saudi Arabia and the GCC region with their range of products. The Essar project aims to be a pioneering Green Steel initiative in the region, aligning with Saudi Arabia's demand for steel products and its Vision 2030 objectives to reduce carbon emissions.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?