Qatar Steel has signed an iron ore pellets supply contract with VALE (earlier known as CVRD), a global famous company, specialized in exploration and extraction of iron ore, required for the production of steel. The contract is for a period of 3 years and renewable for further period of 3 years.

The contract was signed at Qatar Steel Head Office in Doha, by Mr. Ali Bin Hassan Al-Muraikhi, Managing Director & General Manager of Qatar Steel. Mr. Jose Martins – Executive Director of Vale represented his company in signing the contract. High ranking officials from both sides attended the event.

Vale is the world’s largest producer of iron ore and iron ore pellets, key raw materials for steel making, and the world’s second largest producer of nickel. They also produce manganese, Ferro alloys, thermal and coking coal, copper, cobalt, platinum group metals, and fertilizer nutrients.

After the signing ceremony, the two sides expressed their delight for establishing such a strategic partnership, which will be in their mutual interest.

“Signing the iron ore pellets supply contract with Vale will consolidate our business relations and existing cooperation, which go back to the beginning of 2013”, Mr. Ali Bin Hassan Al-Muraikhi, Managing Director & General Manager of Qatar Steel said.

Mr. Al-Muraikhi added that Qatar Steel is always keen to achieve excellence in customers’ Service through supplying them with high quality steel products and to meet their demands fast and on time, and the company is trying its best to keep up its competitive position as a leading supplier of Steel in the region.