‘Expect to produce 27 MnT Iron Pellet in 2014’ – Samarco

Jan 30, 2014

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Samarco, a 37 year old Brazilian mining and Pellet producing company, with 22.25 MnT pa installed capacity of Pellet, is expected to touch 27 MnT of production in Jan-Dec, 2014.

Samarco’s fourth Pellet plant of 8.25 MnT pa capacity, which is under construction, is anticipated to be completed in this calendar year, after which it’s total capacity will stand at 30.5 MnT. Since, Jan-Dec 2008, Samarco’s Pellet production increased by 24.3% to 21.31 MnT in Jan-Dec 2012.

The company produces BF grade Pellets with Fe 66.5% and DR grade Pellets with Fe 67.5 & 67.8%. Its major exports market are Europe, Japan and Korea. Presently it has three Pellet plants in Ubu unit.

A senior official at Samarco told SteelMint, “Our Pellet production is likely to touch 27 MnT in 2014 (Jan-Dec) and the fourth plant is under construction. We are already booked for Q1 2014 (Jan-Mar) and demand is quite good. Current Pellet premium are standing at around USD 42/MT for BF grade material and USD 52/MT for DR grade.”

Samarco’s Recent Pellet Shipments from Port of Ponta Ubu (Brazil)

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