Machine shop turnings price indications are expected to emerge later, but a sideways trend would leave prices at $130/gt.

Indian private-sector producer Tata Steel's sales rose by 7.2pc on the year in July-September, despite monsoon-led seasonal weakness.

"Our plant uses a lot of water and chemicals but unlike other jurisdictions will not produce a single litre of liquid waste," SRC president Mike Crabtree said.

US steelmakers' attempts to correct the oversupply may be swamped by new capacity coming online.

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.

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

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