Emirates Steel Arkan & Bahrain Steel sign iron-ore pellets supply contract

Emirates Steel Arkan & Bahrain Steel sign iron-ore pellets supply contract

Emirates Steel Arkan (ESA) has signed a five-year iron-ore pellets (IOP) supply contract with Bahrain Steel Company (BSC), valued at approximately $2 billion. Rooted in a 16x growth since 2009, ESA’s partnership with BSC extends with this new contract, aiming for even greater heights in sourcing IOP. Under this agreement, signed at the Industrial Partnership […]Emirates Steel Arkan (ESA) has signed a five-year iron-ore pellets (IOP) supply contract with Bahrain Steel Company (BSC), valued at approximately $2 billion.

Rooted in a 16x growth since 2009, ESA’s partnership with BSC extends with this new contract, aiming for even greater heights in sourcing IOP.

Under this agreement, signed at the Industrial Partnership for Sustainable Economic Growth initiative, Bahrain Steel will supply high-grade iron ore oxide pellets annually to Emirates Steel Arkan. This partnership is poised to significantly impact the iron and steel industry within the region, fostering sustainable economic growth and exemplifying the potential of cross-border collaborations.

Saeed Ghumran Al RemeithiCEO – Emirates Steel Arkan

“Through this strategic partnership, we aim to not only foster integrated industrial growth, ensure a stable supply chain and enhance the foundations of our steel manufacturing capabilities, but also strengthen economic ties within the GCC. This initiative aligns with the UAE’s