Brazilian mining giant Companhia Vale do Rio Doce (CVRD) has announced the signing of a long-term contract with Emirates Steel Industries of Abu Dhabi (ESI), the UAE's largest long steel producer, for the supply of direct reduction (DR) iron ore pellets.
In line with the contract, CVRD will supply 500,000 metric tons of DR iron ore pellets per year to ESI for a seven-year period from 2008 onwards.