“Parties are still engaging,” Transnet spokeswoman Ayanda Shezi said in a reply to questions.

Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

Spot prices of ore bound for China, maker of about half the world’s steel, have fallen roughly 40% from this year’s peak above $160 in March.

Europe is also bringing legislation that offers incentives for the use of green hydrogen, he said.

SATAWU calls off Transnet strike, members to return to work on Thursday

Down 2.1 Percent YTD in 2022 from Same Period in 2021.

Fortescue Chairman Andrew Forrest, Australia’s richest person, launched FFI in 2020 with an ambitious goal to produce 15 million tons of green hydrogen by 2030.

Finished Import Market Share Estimated at 22 Percent in September.