Limited overseas scrap demand will continue to weigh on export prices, trade sources said.

High water storage levels at hydropower reservoirs have led Brazilian grid operator ONS and chamber of electric energy commercialization CCEE to launch a plan to export power to Argentina and Uruguay.

Total US electric power sector electricity output for October-March will edge down by less than one-tenth of one percent to around 1,929bn kWh, EIA projected.

Total US electric power sector electricity output for October-March will edge down by less than one-tenth of one percent to around 1,929bn kWh, EIA projected.

Vale is set to release earnings Oct. 27 after the close of regular trading.

Rio last month said it would team up with China Baowu Steel Group to develop an iron ore project for $2 billion as it looks to prop up its production from the Pilbara region.

The higher production comes despite an 18% fall in spot prices of iron ore over the September quarter.

Increased light vehicle production through the second half of 2022 over the first half of the year will increase availability for prime steel scrap.