Bahrain Steel is the only Gulf Cooperation Council-owned pellet
producer and supplier of high-quality DR grade pellets to integrated steel
producers in the region.
The Essar Group has signed
an agreement with Bahrain Steel, a wholly-owned subsidiary of Foulath, to
source high-grade iron-ore pellets for its greenfield steel plant that is being
set up in Saudi Arabia. Bahrain Steel will now deliver 4 million tonne of
DR-grade pellets to Essar Group per year.
Bahrain Steel is the only Gulf Cooperation
Council-owned pellet producer and supplier of high-quality DR grade pellets to
integrated steel producers in the region. The companies signed a Letter of Intent
(LoI) on Wednesday.