Brazilian iron ore producer Vale has signed a memorandum of understanding with Chinese steel group Jiangsu Shagang to explore low-carbon steelmaking solutions, the former said on Monday October 18.
The companies intend to develop feasibility studies on using products such as higher-purity iron ore, which has a lower carbon footprint, in the iron-making process, and cooperation on Tecnored facilities.Tecnored is a wholly-owned Vale subsidiary that is developing a low-carbon pig iron production process that uses biomass...