- Write by:
-
Thursday, May 21, 2020 - 2:53:52 PM
-
1382 Visit
-
Print
Mining News Pro - Last year, meanwhile there were lack of steel scrap and DRI in the market, Saba Steel Company succeeded to supply a part of Mobarakeh Steel Company’s raw material.
According to Mining News Pro - Morteza Yazdkhasti, CEO of Saba Steel told Mining News Agency in an interview that the current product of our company, iron briquette, is a good replacement for steel scrap, considering that MSC is suffering from lack of market supply chain. Therefore, a good relationship has been created between the two company.
“According to a contract between Saba Steel and MSC, the first shipment of HBI was delivered to MSC in March, 2020 this year. In the middle of raw material shortage, specially pellet and DRI, we delivered our second and third shipments in April and May,” he explained.
“This collaboration has several positive points. First is the iron is turned into steel and roll inside the country which creates added value And on the other hand, this self-sufficiency is a benefit for us because we didn’t have any trouble supplying the material considering the sanctions and coronavirus pandemic,” Yazdkhasti added.
He said that HBI is a strategic and export product and there has always been a demand to buy it for export to different countries.
He believes that Saba Steel HBI does have domestic demands and this helps companies like MSC to complete their supply chain and creates more added value for them.
Short Link:
https://www.miningnews.ir/En/News/534259
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following ...
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the ...
Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
No comments have been posted yet ...