Vale and Baowu Steel sign development agreement

Friday, 18 October 2019 23:19:46 (GMT+3)   |   Sao Paulo
       

Brazilian miner Vale and Chinese state-run steelmaker Baowu Steel Group signed an agreement this week for the development of strategic projects, according to media reports.

Baowu and Vale will reportedly expand their joint venture (JV) projects and support each other’s supply chains. Both companies also intend to improve the quality of the iron ore they export.

The agreement covers the two companies’ logistics, steelmaking, basic metals, research and technology development areas.


Similar articles

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News

Major steel and raw material futures prices in China - March 26, 2024

26 Mar | Longs and Billet