EBCOM

EBCOM supplies steel producers with raw materials used in the production process. These include iron ore, pig iron, HBI/DRI, coal, coke, ferroalloys and scrap. Since the raw materials trading business began in the year 2000, volumes have grown significantly and the business now handles more than 10m tonnes per annum. Much of our raw material trading involves the use of sophisticated financing techniques including countertrade arrangements, tolling and barter settlement arrangements. The raw materials trading business is supported by EBCOM's iron ore mining interests, predominantly in ASIA. These include investments in two iron ore mines which, from mid 2010, will support beneficiation and pelletisation plants with a capacity of 4MTPY. EBCOM also retains minority iron ore mining interests in Australia.