The Brazilian mining company plans to sell four million tonnes of iron ore agglomerates yearly to the Saudi Arabian Green Steel Arabia project.
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There is strong worldwide demand for the forage plant, which is considered the best feed for animals including dairy cattle and horses. Saudi Arabia is a major importer, and over the long haul, if output goes up, Brazil can start selling to the Arab countries.
Brazilian mining company produced 2.41 million tonnes of pellets in the Arab country in Q3, down from the previous quarter.
The first quarter of this year saw the Brazilian mining company’s iron ore pellet plant in the Arab country make 2.2 million tons of product.
