Brazilian iron-ore miner Vale said on Thursday it will start supplying a new iron ore product ‘GF88’, hematite or ground fines used for pelletizing, in the first quarter of 2020.
Vale, the top global pellets and pellet feed producer, expects the pellet ratio in China’s blast furnaces to increase to 19% in 2025 from 14% in 2018, or by about 50-million tonnes, Marcello Spinelli, its executive director-ferrous minerals, told an industry conference.