Steel Products

Essar Steel Minnesota to Supply Pellets for ArcelorMittal

Written by Sandy Williams

Written by Sandy Williams

Essar Steel Minnesota LLC announced it will supply 3.5 million metric tonnes of standard and fluxed iron ore pellets annually to ArcelorMittal North American operations.  The agreement is for a ten year period and will commence during the second half of Essar’s fiscal year ending March 31, 2014.

Essar Steel Minnesota, with completion of its Nashwauk facility in Northern Minnesota, will be the only producer in the U.S. to produce three types of pellets: standard, flux, and DR grade.

John Brett, Executive Vice President for Finance, Planning and Procurement of ArcelorMittal, USA, said: “We are pleased to enter into this long term off take agreement with ESML. This off-take agreement is consistent with our strategy of securing long term supply of critical raw materials within the region, and it provides material that meets the stringent standards of our blast furnaces. ESML’s ability to provide different types of pellets provides us the flexibility to utilize the product at multiple furnaces. ”

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