CVRD to sell ferromanganese alloys to Corus
Brazilian mining giant Companhia
Vale do Rio Doce (CVRD) has announced that it has signed a deal with one of its major
iron ore client's, Anglo-Dutch steel producer Corus to supply ferromanganese
alloys for three years with annual deliveries of 30'000 tons.
According to market reports, this contract represents a major change in the relationship between ferroalloys and steel producers, as ferroalloys had previously been supplied through spot market transactions. This change is advantageous for both parties as it enables the optimization of
production planning.
The ferromanganese
alloys will be delivered to Corus by CVRD's European subsidiaries, Rio Doce Manganese
Europe (RDME), located in Dunkerque,
France and Rio Doce Manganese
Norway (RDMN), located in Mo I Rana,
Norway. The contract involves medium carbon ferromanganese
alloys (MCFeMn), high carbon ferromanganese
alloys (HCFeMn) and ferro silico manganese
alloys (FeSiMn).