26
Sep
15:25
Emirates Steel to procure pellet from Hawsons Iron
Abu Dhabi-based Emirates Steel (ESI) has signed a non-binding letter of intent (LOI) to purchase up to 900,000 tonnes/year of direct reduction-grade iron ore pellet from Australia’s Hawsons Iron Project.
Under the LOI, the parties intend to develop binding offtake arrangements, initially for a ten-year term, with first supply targeted in 2020. Nearly 40% of Hawsons’ initially planned production is now set to supply DR markets in the Middle East and b…
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