CONF: Vale targets 30 mln t/y of new GF88 ore fines

Vale, the world’s top iron ore miner, aims to supply 30 million tonnes/year of its new ‘GF88’ brand fines over the medium term in response to environmental concerns about steel industry emissions, Eduardo de Mello Franco, Vale’s Marketing Manager, Iron Ore, told delegates at Mysteel’s 2019 Steel Value Chain Derivatives Summit in Xiamen, Southeast China’s Fujian province on Thursday.

GF88 is a new brand of hematite ore fines for pelletizing which Vale intends to begin supplying from its Northern System in Brazil from Q1 2020, as Mysteel Global has reported. China’s increasing environmental concerns will require its steelmakers to have greater sophistication regarding raw materials consumption, Vale suggests, noting that the pellet ratio in the