Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.

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.

Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months.

The report highlights that, in 2021, shipments from domestic steel mills measured 94.7 million net tons (NT), up 16.9 percent from the previous year.

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

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

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