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Recently, Vale, the largest producer of iron ore, nickel, and pellets in the world, signed a memorandum of understanding with Guangxi Liuzhou Iron and Steel Group.
According to this agreement, the two sides will work together to develop new steel-making technology and reduce greenhouse gas emissions. Liuzhou Steel will build a metal furnace mill in Southeast Asia, and Vale will supply the plant with high-grade iron ore products.
In addition, Liuzhou Steel will apply the technology of Tecnored to treat its residues generated during steel production. This cooperation will assist Vale to realize its commitment to reducing net emissions by 15% by the year 2035.
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