India-based Essar Group has announced that it has signed an agreement with Brazilian iron ore miner Vale for the supply of an annual four million mt of iron ore agglomerates to its Green Steel Arabia (GSA) project Ras Al Khair, Saudi Arabia.
The Essar project, which is set to be the region’s first green steel project, will have an annual direct reduced iron (DRI) capacity of five million mt. Furthermore, the project will include an annual hot strip capacity of four million mt, along with one million mt of cold rolling capacity, as well as galvanizing and tin plate lines. The plant is scheduled to start production from 2027.
Meanwhile, in August, Essar Group also signed an agreement with Bahrain-based iron ore pellet producer Bahrain Steel for the supply of an annual four million mt of DR-grade pellets to its GSA project, as SteelOrbis previously reported.