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

It was a 9.2% decrease from the 2,485,000 permit tons recorded in August and a 10.1% decrease from the August final imports total of 2,510,000.

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

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

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...

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

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