The higher production comes despite an 18% fall in spot prices of iron ore over the September quarter.

Increased light vehicle production through the second half of 2022 over the first half of the year will increase availability for prime steel scrap.

Vale is set to release earnings Oct. 27 after the close of regular trading.

High carbon ferromanganese Tender Information in October, 2022 (Oct 20, 2022).

Multiple producers have faced that tough choice in recent months.

Low carbon ferrochrome Tender Information in October, 2022 (Oct 20, 2022).

Manganese Metal Tender Information in October, 2022 (Oct 20, 2022).

Europe is also bringing legislation that offers incentives for the use of green hydrogen, he said.