Hot-rolled coil advanced 2.3%, while stainless steel gained 0.3%.

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.

The report highlights that, in 2021, shipments from domestic steel mills measured 94.7 million net tons (NT), up 16.9 percent from the previous year.

This volume is only below what was recorded in September 2020, when Brazil exported 37.47 million tonnes for the month.

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

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...

The world’s steel production stood at 1.95 billion tonnes in 2021, according to the World Steel Association.