Vale and Petrobras from Brazil have inked a two-year memorandum of understanding, with the aim of collaborating on the development of eco-friendly emission reduction solutions.

Iran's total iron and steel exports, including semi-finished products and steel products, amounted to 5 million 286 thousand tons in the first 6 months of this year.

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.

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

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.

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.