Third Quarter 2021 Production Report

Vale earnings disappoint with rising costs adding to iron rout

JUPITER BOARD AND EXECUTIVE CHANGES

Insiders believe the price increase of raw materials also contributes to the price fluctuation in the magnesium market.

The United States’ imports of finished steel products increased moderately month on month but ballooned year on year in September.

Adjusted year-to-date production through October 23, 2021 was 77,019,000 net tons, at a capability utilization rate of 81.3 percent.

Up 16.5 Percent YTD in 2021 from Same Period in 2020.

“We remain bullish on 2022 [steel demand in Brazil],” Werneck said. “For flat steel, the outlook is positive.”