Machine shop turnings price indications are expected to emerge later, but a sideways trend would leave prices at $130/gt.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

SAO PAULO - Brazilian conglomerate Cosan said on Friday it had acquired a 4.9% stake in Vale and intends to increase its bet in the mining company.

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 2211 ferrosilicon contract price on ZCE closed at 8842 yuan per ton on October 10.

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.

Hot-rolled coil advanced 2.3%, while stainless steel gained 0.3%.