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

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

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

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.

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

Exports to the three major destinations — South Korea, Vietnam and Taiwan, China.

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

Technology Metals Australia investigates vanadium opportunities with global steelmaker Tata Steel