Brazilian mining giant Vale has offered the government around 20 billion reais (US$3.7bn) for the early renewal of its Carajás and Vitória-Minas rail concession contracts.
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 144.8 million tonnes (Mt) in August 2024, a 6.5% decrease compared to August 2023.
The Pakistani government has announced that it has agreed with Russian government representatives to form working groups to establish a new steel mill in Karachi