Shareholders of Merafe Resources are advised that the European benchmark ferrochrome price for the fourth quarter of 2023 has been settled at 153 US cents per pound, an increase of 1.32% from the third quarter of 2023.

Vale is a major global producer of iron ore, copper and nickel.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

Port Hedland shipped 47.8mn t in August, up from 43.74mn t in July and 45.8mn t in August 2022, according to Pilbara Ports Authority data.

Integrated steelmaker Cliffs and electric arc furnace (EAF) competitor Nucor were both said to be offering at $750/st.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

Vale is a major global producer of iron ore, copper and nickel.

Quench and tempered and normalized plate pricing both stayed flat at $2,385/st and $1,730/st, respectively.