Emirates Steel signs iron ore supply deal with Swedish firm

20 March 2013

LKAB to provide raw materials for Abu Dhabi firm as it continues expansion

Emirates Steel Industries has signed a long-term contract with Sweden’s LKAB to buy iron ore pellets to use at its operations in Abu Dhabi.

The UAE’s largest steelmaker now consumes about 4.8 million tonnes a year (t/y) of iron ore pellets after completing its most recent expansion in 2012.

Further planned projects will expand Emirates Steel’s capacity to 5.5 million t/y from the current 3.5 million t/y.

The agreement was signed by the chief executive officers of the two companies in Abu Dhabi on 19 March. LKAB is a mining company with iron ore assets in the north of Sweden and operations in several other countries.

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