Venezuela’s economy minister, Tareck El Aissami, said the country expects to export pellets, iron ore and HBI through CVG Ferrominera Orinoco (Ferrominera) by 2020.
Aissami also said the construction of a second pellet line at state-run iron ore producer Ferrominera is now 75 percent complete. When completed, the plant will produce 3 million mt/year of pellets.
State-run steelmaker Sidor has recently inaugurated a pellet plant, also known as the B pellet line, which has a capacity of 18,000 mt/day. Sidor has not produced steel thus far in 2019.
The nation’s industrial sector has faced a steep crisis due to the country’s economic and political woes in recent years.