VOL XXX

NO. 8

1-DECEMBER-1986

SAUDI ARABIA

Hadeed toImport Brazilian Iron Ore

The Saudi Iron andSteel Company (Hadeed), which is 95% owned by the Saudi Basic IndustriesCorporation (SABIC), has signed contracts with three Brazilian companies toimport 3.9mn tons of iron ore over a three to six-year period. One of thesecontracts is with Companhia Vale do Rio Doce for the supply of 1.2 tons ofpellets between 1987-91. Hadeed has an earlier contract with the same companyfor the supply of 950,000 tons...