In protest over an alleged price monopoly, the China Iron and Steel Association has asked domestic steel firms and traders not to import iron ore from Australia-based Rio Tinto and BHP Billiton and Brazil-based Vale for two months.
Brazilian iron pellet maker Samarco, a 50:50 JV between Vale and BHP Billiton, is considering building a new pellet concentration unit in the city of Germano in Minas Gerais state and an 8.25 million tns/yr iron ore pellet plant in Ponta Ubu in Espirito Santo state.
ABB has won an order worth USD 62 million from Vale to supply electrification and automation systems and related equipment for a new iron ore pellet plant in Oman.
Brazil-based Vale has inked a pact with Shandong Landbridge Group to jointly build an over 0.3 million tonnes iron ore dock in Rizhao, China's largest iron ore port.
ArcelorMittal has announced that it has signed new long-term contracts with Vale (Companhia Vale do Rio Doce) to supply iron ore and pellets to its plants in Europe, Africa and the Americas.