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    Market Segment

    March 26, 2024

    Vale proposes iron ore briquette plant for US Gulf Coast

    Written by Laura Miller

    Rio de Janeiro-based metals and mining conglomerate Vale could potentially build a new plant for the production of iron ore briquettes in the US.

    Vale’s plant proposal is one of six iron and steel projects chosen this week to move forward with award negotiations by the Department of Energy (DOE) as part of its Industrial Demonstrations Program. The Infrastructure and Investment Jobs Act (IIJA) and the Inflation Reduction Act (IRA) are providing the program’s grant monies – in excess of $6 billion – to drive decarbonization across American industry.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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