The two sides will develop economic feasibility studies on usage of products with lower carbon footprints in the iron-making process, Vale said.

China raw iron ore output in September up 9.6% YoY.

China ferrosilicon (>55%) exports down 52.66% in September, 2021.

China coke output in September down 9.6% YoY.

China ferrosilicon (>55%) exports down 52.66% in September, 2021.

China crude steel output in September down 21.2% YoY.

China ferrosilicon (≤55%) exports up 65.39% YoY in September, 2021.

China ferrosilicon (≤55%) exports up 65.39% YoY in September, 2021.