“Parties are still engaging,” Transnet spokeswoman Ayanda Shezi said in a reply to questions.

Spot prices of ore bound for China, maker of about half the world’s steel, have fallen roughly 40% from this year’s peak above $160 in March.

Manganese Metal Tender Information in October, 2022 (Oct 20, 2022).

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

“Parties are still engaging,” Transnet spokeswoman Ayanda Shezi said in a reply to questions.

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

Medium carbon ferromanganese Tender Information in October, 2022 (Oct 20, 2022).

Multiple producers have faced that tough choice in recent months.