Essar Steel Minnesota LLC (ESML), the US subsidiary of Essar Steel, has inked a 10-year agreement with ArcelorMittal USA for supply of 3.5 million tonnes (MT) annually of iron ore pellets. Essar will supply standard and fluxed iron ore pellets to ArcelorMittal's North American operations and the supplies are expected to begin during the second half of 2013-14, according to the agreement. However, the financial details of the agreement were not disclosed. "This off-take agreement demonstrates the marketability of ESML's high quality products to third parties in addition to Essar Steel Algoma, Canada," ESML President and Chief Executive Officer Madhu Vuppuluri said. ESML's diverse product portfolio includes standard, flux and DR grade iron ore pellets and the company will be the only producer capable of producing all three types of pellets in Unites States. ArcelorMittal, USA's Executive Vice President for Finance, Planning and Procureme...
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