13
Sep
17:08
Mercuria announces major investment in US pellet plant
Swiss-based Mercuria Energy has reached an initial agreement to back a $650 million financing package for Mesabi Metallics Company to obtain a majority stake in Essar Steel Minnesota's defunct iron ore pellet plant operation.
Kallanish reports that Mesabi intends to complete work on a 7 million tonnes/year mine and pellet plant operation which was halted in 2016.
The mine and pellet facility, located in Minnesota’s Iron Mountain range…
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Very good overview of the weekly steel market.
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