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

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

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

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.

Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months.

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

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

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