Vale Base Metals has committed nearly $9-billion for investment in Indonesia, including for its development of high-pressure acid leaching (HPAL) plants for nickel, chief executive Deshnee Naidoo said on Thursday.

The company has started the production of final product, hot-rolled coils, from the Nagarnar plant in Chhattisgarh.

Normalized plate pricing also fell by $40/st to $1,730/st.

Liberty Steel is closing one of the three ovens at its Ostrava site in Czechia and there is a growing expectation that the company may idle its last two operational blast furnaces in Europe in the coming months.

De Tian Coking started production with its first coke oven on 28 August, with projected output for 2023 less than 1.3mn t.

The company reported total iron ore sales of 3.54 million mt during the month, up 25 percent year on year.

Nigeria to Establish State-backed Corporation to Attract Investments in Mining Sector

Finished Import Market Share YTD at 22%.