NEW YORK Essar Steel Minnesota LLC says it has entered into a
long-term iron ore pellet offtake agreement with ArcelorMittal
The agreement will last for 10
years, starting from the second half of Essar Steel
Minnesotas fiscal year ending March 31, 2014.
Under the terms of the deal,
Essar will supply 3.5 million tonnes per year of standard and
fluxed iron ore pellets to ArcelorMittals North American
"This offtake agreement is
consistent with our strategy of securing long-term supply of
critical raw materials within the region and it provides
material that meets the stringent standards of our blast
furnaces," said John Brett, vice president for finance,
planning and procurement at ArcelorMittal USA.
Essar Steel Minnesota is building an iron ore mine,
concentrator and 7-million-tonne-per-year iron ore pellet
A version of this article was first published by
AMM sister publication Steel First.