01
May
13:11
KIOCL agrees to supply pellet to Emirates Steel
India's Kudremukh Iron Ore Company (KIOCL) has signed a memorandum of understanding with Emirates Steel (ESI) and Dubai trader Star Global for the sale of high-grade iron ore pellet to ESI.
The state-owned Indian firm produced 2.24 million tonnes of iron ore pellet in the fiscal year through March 2019 (see Kallanish passim).
ESI said in February it expects a slowdown in the regional construction sector, drop in sales prices, and surge in iron ore pr…
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