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Vale and Posco sign MoU to develop cleaner steel products

The Brazilian miner and South Korean steelmaker Posco have signed a memorandum of understanding (MoU) to seek opportunities to develop solutions for the steel industry aimed at reducing CO2 emissions.

Both companies will work to develop “decarbonizing solutions” for the steel industry.

The two companies are in talks to achieve such a goal. They will both benefit from Vale’s existing portfolio of products, including high-quality iron ore, pellets, fines, and briquettes.

Vale’s products will be used as a potential solution to reduce fossil fuels consumption and significantly contribute to Posco’s aim of reaching zero carbon emissions at its steelmaking processes by 2050.

 

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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17 Country

300.000 Employees

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