Global Arab Network | Brazil, Qatar sign contract for iron ore and steel supply

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Brazil, Qatar sign contract for iron ore and steel supply

Sunday, 15 August 2010 14:57

Qatar (Doha) - Qatar Steel Company (QSC) and Samarco Mineracao S.A., Brazil, have signed a long-term contract for the supply of iron ore pellets, reports QNA.

The contract was signed in Doha on August 10 by Sheikh Nasser Hamad Al Thani, director and general manager of Qatar Steel and Jose Tadeu de Moraes, CEO of Samarco.

The contract is for a period of six years (2011-2016). Samarco is one of the leading manufacturers of iron ore pellets, which is the prime raw material for Qatar Steel to produce high quality direct reduced iron (DRI)/ hot briquetted iron (HBI).

QATAR STEEL Company was formed in 1974 as the first integrated steel plant in the Arabian Gulf. Commercial production commenced in 1978 with the company becoming wholly owned by Industries Qatar in 2003.

Today, Qatar Steel is widely recognized as a foremost leader in the steel industry, extending its pioneering commitment from an expansive mill site located in the heart of the progressive Mesaieed Industrial City - 45 kilometers south of the nation’s capital, Doha.

The Company also operates a UAE based subsidiary - Qatar Steel Company FZE.
(QNA)

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