【SMM Steel】Vale closes Oman plants ahead of schedule

Published: Apr 10, 2026 17:02

Save

【SMM Steel】Preempting Middle East instability, Vale advanced maintenance at its two Oman pelletizing plants by several weeks to mitigate regional risks. The Oman facilities have ~9 Mt/y capacity, ~29% of Vale's total pellet output based on 2025 data. Although the shutdown duration isn't specified, the near-term impact is significant. Vale is maintaining its current annual production guidance for now.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 10, 2026 17:58

MMi Daily Iron Ore Report (April 10)

Apr 10, 2026 17:58

Apr 10, 2026 17:03

【SMM Steel】Kazakhstan & China to build $1.2bn steel mill

【SMM Steel】Kazakhstan and China agreed to build a $1.2bn steel mill in Kazakhstan with China's Fujian Hengwang Investment. The mill will have up to 3 Mt/y capacity, create ~2,500 jobs, and serve domestic/export markets. It will use Kazakh gas and iron ore to produce wire, rebar, pipe steel, angles, and sections. The first phase of 1 Mt/y is planned for completion in 2027.

Apr 10, 2026 17:03

【SMM Steel】Group Five Pipe secures HSAW steel pipe supply deal from Esnad Al Turuq

【SMM Steel】Group Five Pipe Saudi secured a SAR176m contract from Esnad Al Turuq for a Riyadh water infrastructure project. The deal covers carbon steel HSAW pipes for water transmission systems. The project will be executed at Ras Al Khair. Completion is scheduled by end of May. The financial impact is expected in Q2 and Q3 of FY2026. The award strengthens its position in the regional water infrastructure sector.

Apr 10, 2026 17:03