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

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

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

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

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.

Toronto-listed Teck Resources said on Thursday that its third-quarter steelmaking coal sales were 5.6-million tonnes, which was within its revised guidance of 5.5-million to 5.9-million tonnes.

US Steel separately repurchased approximately $300 million of outstanding debt last week, the company noted in the same release.

In September, the premium remained at $95 per tonne.