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Vale, Sansteel, ITG sign steelmaking decarbonization MoU

ABSTRACT

Brazilian mining giant Vale, South China's Fujian Sansteel (Group) Co., Ltd. (Sansteel Group) and Xiamen ITG Group Corp., Ltd (ITG) have signed a Memorandum of Understanding (MoU) to pursue ironmaking solutions focused on reducing carbon emissions, according to a Vale press release on June 30.
Under the agreement, Vale, Sansteel Group and ITG will jointly explore and study iron ore solutions for Sansteel and develop customized iron ore products for Sansteel, the MoU says. The three are discussing the possibility of cooperating on iron ore concentration business.   Sansteel Group, headquartered in Sanming City, is a leading

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