SAO PAULO - Brazilian conglomerate Cosan said on Friday it had acquired a 4.9% stake in Vale and intends to increase its bet in the mining company.

The company held guidance on FFI’s annual operating expenditure unchanged at $500 million to $600 million.

Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction.

The European stainless steel scrap market is facing a near-term demand crisis and high uncertainty going into the fourth quarter...

Exports to the three major destinations — South Korea, Vietnam and Taiwan, China.

The 2211 ferrosilicon contract price on ZCE closed at 8842 yuan per ton on October 10.

In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.

It was a 9.2% decrease from the 2,485,000 permit tons recorded in August and a 10.1% decrease from the August final imports total of 2,510,000.