LONDON (dpa-AFX) - Swiss-headquartered iron ore company Ferrexpo plc (FXPO)
and Salzgitter Flachstahl GmbH, a subsidiary of Germany-headquartered Salzgitter
AG (SZG) engaged in steel business on Thursday announced the signing of a deal
for the supply of high-quality direct reduction iron ore pellets for low-carbon
steel production.

Financial details of the transaction have not been disclosed.

The deal also envisages joint development of raw material feed strategies and
green supply chains.

Ferrexpo's DR pellets would be used as part of the SALCOS programme, in which
Salzgitter is incrementally converting its steel production to hydrogen-based
processes and technologies.



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