14,311.19 TRY BIST 100 BIST 100
45.05 USD USD USD
6.63 CNY CNY CNY
52.67 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
700.00 TRY Interest Interest
123.44 USD Fossil Oil Fossil Oil
5.94 USD Copper Copper
104.98 USD Silver Silver
107.86 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,633.14 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Hafeet Rail and Itaminas join forces in iron ore logistics

Hafeet Rail has signed a strategic cooperation agreement with Brazilian iron ore giant Itaminas to develop a sustainable logistics network that supports the Middle East's iron and steel sector. Integrated with Sohar Port’s rail-connected infrastructure, the project aims to deliver efficient and scalable solutions for regional industries.

Hafeet Rail and Itaminas join forces in iron ore logistics

Hafeet Rail, the cross-border railway project connecting the United Arab Emirates and the Sultanate of Oman, has announced the signing of a key partnership agreement with Itaminas Comércio de Minérios S.A., one of Brazil’s leading iron ore producers. The agreement aims to strengthen the regional iron and steel industry by developing a sustainable logistics network that connects key ports and industrial zones.

Under the agreement, Hafeet Rail’s advanced infrastructure and connectivity—particularly Sohar Port’s integrated rail facilities—will enhance import and local processing efficiency. The port’s established infrastructure and ongoing expansion projects are positioning it as a strategic hub for iron ore logistics in the region.

Construction along the railway corridor is progressing rapidly in both countries. Groundworks, route leveling, and bridge and tunnel construction are actively underway, supported by strong collaboration with local authorities to ensure smooth project implementation. These developments are reinforcing economic integration between Oman and the UAE.

Itaminas, which has an annual production capacity of 6.5 million tons of high-grade iron ore, plans to export a significant portion through Brazil’s Sudeste Port to the Middle East. This collaboration lays the foundation for an integrated transport corridor offering efficient, sustainable, and scalable logistics solutions for regional steel producers.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tosyali Algerie strengthens its role in Algeria’s automotive industry

Thursday, April 30, 2026

China’s steel sector total profit declined by 5.1% in the first quarter

Wednesday, April 29, 2026

Türkiye’s iron and steel export value reached $2.45 billion in the January–March period

Thursday, April 30, 2026

IEEFA: Could the Middle East conflict help Australia catch up in the green iron race?

Thursday, April 30, 2026

Baosteel reports 8.6% profit decline in Q1 amid rising costs and weak demand

Thursday, April 30, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now