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Vale the world's largest iron ore exporter, will offer a new product -- Sinter Feed Low
Alumina on the spot market this year, a company official said at a major iron ore
conference inSingapore Thursday.
Sinter Feed Low Alumina, or SFLA will be one of the lowest alumina content traded
ores and this is a good fit given the reduced availability of Chinese domestic concen
trates, said Luiz Meriz, Vale's International S.A. Marketing Director, Iron Ore.
A company source said this new product will have iron content of around 62% and
come from the southern system in Brazil.
"The alumina content of this product will be slightly below 1% and the silica is aroun
d 7%. It will be offered by end June, and will be sold on a spot basis," said the sourc
e.
The same source added this new product will be first sold to China, the world larges
t steel producer, and could gradually be sold to other end-users in other part of the
world.
"The Japanese buyers are looking for low alumina ores," said the source.
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