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Vale and Essar sign a letter of intent to supply iron ore agglomerate

Vale and Essar have agreed to supply 4 million tons of iron ore agglomerates annually for Essar's green steel project in Saudi Arabia, supporting decarbonization in the steel industry.

Vale and Essar sign a letter of intent to supply iron ore agglomerate

Brazil's Vale and India's Essar have signed a letter of intent to supply 4 million tons per year of iron ore agglomerates, including DR grade pellets and briquettes, for Essar's green steel project in Saudi Arabia.

The pellets will be supplied by Vale's facilities in Oman or Brazil, while the briquettes will be produced at its Mega Hub in Saudi Arabia. This marks Vale's first preliminary offtake supply agreement with a customer, supporting the decarbonization of the steel industry.

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