FINANCIAL NEWS

Qatar Steel joins hands with Brazilian firm

15 Aug 2010

(MENAFN) QNA reported that Qatar Steel Company (QSC) and SAMARCO Mineracao S.A. of Brazil have signed the long term contract for the supply of iron ore pellets.

The contract was signed by Sheikh Nasser Hamad Al Thani, Director & General Manager of Qatar Steel, and Jos� Tadeu de Moraes, CEO of SAMARCO.

The contract is for the period of six years from the year 2011 to 2016. SAMARCO is one of the leading manufacturers of iron ore Pellets, which is the prime raw material for Qatar Steel to produce high quality Direct Reduced Iron (DRI) / Hot Briquetted Iron (HBI).

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