“EMSTEEL” and “Oldendorff Carriers” Sign AED 600 Million Five-Year Raw Material Freight Agreement | premargin
“EMSTEEL” and “Oldendorff Carriers” Sign AED 600 Million Five-Year Raw Material Freight Agreement
·ADX·General Disclosure | General Press Release·February 17, 2026·View on exchange
AI Summary
EMSTEEL signed a five-year raw material freight agreement with Oldendorff Carriers with a total indicative value of approximately AED 600 million.
The agreement involves the annual transportation of approximately 5.2 million tonnes of iron ore pellets (IOP) to support EMSTEEL’s production requirements in the UAE.
