Steelmaker Nucor is keeping its plate prices flat, just weeks after announcing lower pricing.

US steelmakers' attempts to correct the oversupply may be swamped by new capacity coming online.

The company's saleable iron ore production stood at 1.08mn t over the three-month period, while sales edged up by 2pc against the previous year, to 1.34mn t.

The company's saleable iron ore production stood at 1.08mn t over the three-month period, while sales edged up by 2pc against the previous year, to 1.34mn t.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

SAO PAULO - Brazilian conglomerate Cosan said on Friday it had acquired a 4.9% stake in Vale and intends to increase its bet in the mining company.

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