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.

Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction.

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

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

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

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.

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