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

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

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

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

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

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

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