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.

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

In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.

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

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

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.

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