World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 140.1 million tonnes (Mt) in November 2025, a 4.6% decrease compared to November 2024. Africa produced 2.0 Mt in November 2025, up 7.4% on November 2024. Asia and Oceania produced 99.9 Mt, down 7.1%. The EU (27) produced 10.2 […]
Global Crude Steel Production Declines by 4.6% in November 2025 Read More »
Brazilian mining giant Vale, one of the world’s leading iron ore suppliers, has lowered its production outlook for 2026 amid weakening global demand and the arrival of new supply from Africa. The company stated, ahead of its Investor Day event in London, that it now targets production of 335–345 million tonnes of iron ore in
Vale Cuts 2026 Iron Ore Production Forecast Amid Global Demand Slowdown Read More »
Brazilian mining giant Vale produced 94.4 million metric tons (mt) of iron ore in the third quarter of 2025, marking a 3.8% increase compared with the same period in 2024. In contrast, pellet production fell by 22.8% year-on-year to 8.0 million mt. According to the company, the rise in iron ore output represents Vale’s strongest
Vale Reports Higher Iron Ore Output in Q3 2025 Read More »
Brazilian mining company Vale beat analysts’ expectations for iron ore production in the second quarter of 2025, driven by record performance from its flagship mine in the Amazon. The company announced in a report released Tuesday that it produced 83.6 million metric tons of iron ore during the three months ending June 30, exceeding analysts’
Brazil’s Vale Records Highest Quarterly Iron Ore Production Since 2021 Read More »
Brazil’s government launched an anti-dumping (AD) investigation on hot-rolled stainless steel flat products from China, India, and Indonesia, following an application filed by Aperam Inox América do Sul S.A. in October last year. After a preliminary analysis of the documents submitted, the Secretariat of Foreign Trade (SECEX) concluded that there was sufficient evidence to demonstrate
Brazil has announced a significant reduction in annual import quotas for 13 types of steel products, a move that could raise the possibility of imposing tariffs a 25% on these products. According to the Ministry of Development, Industry, Trade and Services, the government has decided to reduce the permitted steel import quota by approximately 250,000
Brazil Reduces Annual Steel Import Quotas, Considers Imposing Safeguard Tariffs Read More »
US and Mexico are nearing a deal that would remove U.S. President Donald Trump’s 50% tariff on steel imports up to a certain amount, according to people familiar with the matter. This would be a modification of a similar agreement between the two trading partners during Trump’s first term. Trump has not been directly involved
US and Mexico are nearing a deal to ease steel tariffs Read More »
Brazil, the second-largest steel exporter to the United States, said it has begun talks with the administration of US President Donald Trump in response to the steel tariff hikes set to take effect on March 12. Trade relations between Brazil and Washington are tense as the US president plans to impose a 25% tariff on
Brazil begins talks with Trump administration over steel tariffs Read More »
Brazilian mining company Vale has confirmed plans to invest R$70 billion ($12.26 billion) in its Carajas complex in northern Brazil by 2030. The investment was initially announced by Brazil’s presidential palace, and Vale confirmed the investment plans in a recent statement. The Carajas complex, located in the Brazilian state of Pará, is Vale’s most important
Vale invests $12.26 billion in Brazil’s Carajas complex by 2030 Read More »
Brazilian President Luiz Inacio Lula da Silva vowed on Friday to “reciprocate” in response to the 25 percent tariffs on steel imports that US President Donald Trump signed an executive order on Thursday. “There is no doubt that there will be reciprocity” from Brazil, the second-largest steel exporter to the United States after Canada, Lula
Brazil’s Lula vows to retaliate over US steel tariffs Read More »
The Brazilian miner, Vale, produced 328 million mt of iron ore in 2024, exceeding the target range of 310-320 million mt established for the year. The production of iron ore pellets in the year achieved 37 million mt, 1.2% higher than in 2023, but slightly lower than the target of 38 million mt established for
Vale exceeds its iron ore production target for 2024 Read More »
Vale SA plans to offer more lower-quality iron ore to meet the needs of a struggling steel industry, as it seeks to expand beyond its traditional role as a supplier of high-quality materials to the steel industry. New CEO Gustavo Pimenta laid out the strategy at an investor event in New York, saying the Rio
Industry struggles push Vale to enter cheaper iron ore markets Read More »
Chile’s largest steel mill, Wachipato, is closing after 74 years in operation, leaving thousands of people unemployed. Life in Talcahuano, a town of 160,000 people in the Biobio region 500 kilometres (310 miles) from the capital Santiago, revolved around the landmark steel mill. The closure of the plant affects 2,700 direct jobs, including those held
China shuts down Chile’s largest steel mill Read More »
Speaking during the FII Priority Summit, Eduardo Bartolomeo, CEO of the Brazilian miner Vale, informed that the company’s current iron ore exports to the Middle East, 27 million mt per year, could be increased to 70 million mt per year, without mentioning deadlines. According to Bartolomeo, the increase could be based on the development of
Vale plans to increase iron ore exports to Middle East Read More »
Latin American countries are following in the footsteps of the United States and Europe by imposing heavy tariffs on Chinese steel imports, which represents a real test of the relationship between the two sides. A Bloomberg report stated that, due to the global shift towards protectionist measures and the influx of Chinese imports that threaten
Latin America doubles tariffs on steel imports from China Read More »
Eletrobras, the foremost electric power company in Latin America, and Paul Wurth, a brand of the SMS group, officially entered into a Memorandum of Understanding (MoU) to collaborate in the renewable hydrogen (H2) production and use in industrial processes in Brazil. A 10 MW plant for green H2 and O2 production will be realized in
Brazilian mining company Vale recorded net profits of $8.105 billion for 2023, compared to $18.870 billion for 2022. On the same comparative basis, net sales revenue decreased 4.7% to $41.78 billion, and gross profit decreased 10.7% to $17.69 billion. Operating profit decreased by 17.5%, to $14.21 billion. The company said that the decline in performance
Vale’s net profit declines to $8.105 billion in 2023 Read More »
The Royal Commission for Jubail signed a memorandum of understanding with the Brazilian mining company Vale to develop an iron ore briquette project in the Kingdom. The memorandum of understanding was signed on the sidelines of the Future Metals Forum, which lasted for two days, during which the Brazilian company presented its ambitious plans in
In December 2023, Brazil exported 39.65 million tons of iron ore, the highest figure for the year. Compared to December 2022, the figure increased by 24% y/y, and by 25.5% compared to the previous month. This is reported by Davis Index with reference to data from the Brazilian customs. During December, Brazilian companies exported 64.76
Brazil increased iron ore exports by 10% and scrap by 117% in 2023 Read More »
Edorao Bartolomeo, CEO of mining company Vale, said that China may be the largest buyer of iron ore in the world. But that does not mean that Beijing can succeed in setting its prices. Bartolomeo explained in an interview ahead of the company’s annual investor day that Vale is confident that the balance between supply
Vale CEO: China cannot control the price of iron ore Read More »
Brazilian miner Vale produced 86.23 million metric tons of iron ore and 9.18 million metric tons of pellets during the third quarter of 2023, 3.9% and 11.1% less, respectively, compared to the third quarter of 2022. Compared to the second quarter of 2023, iron ore and iron pellets production increased by 9.5% and 0.7%, respectively.
Vale’s iron ore production declines in the third quarter of 2023 Read More »
In July this year, Brazilian miner Vale’s iron ore export volume totaled 22.65 million mt, rising by 2.2 percent compared to June and by 1.8 percent compared to July 2022, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). In the first seven months of the current year,
Vale’s iron ore exports up 1.1 percent in January-July Read More »
Eduardo Bartolomeu, CEO of the Brazilian miner Vale, said the company plans to achieve a production pace of 100 million mt per year of pellets and briquettes in 2030. The total volume is expected to reach between 36 million mt and 40 million mt in 2023. Bartolomeo mentioned that two of Vale’s eight pellet plants,
Vale unveils plan to increase production of agglomerated iron ore products Read More »
Brazilian mining company Vale announced that it had reached two separate agreements to sell 13 percent of its base metals business for $3.4 billion, with the aim of boosting its copper and nickel production. Under the two agreements, a joint venture between the Saudi Arabian Mining Company (Maaden) and the Public Investment Fund will acquire
Investment Fund and Ma’aden intend to acquire 10% stake in a subsidiary of “Vale” Read More »
The Brazilian Ministry of Industry, Trade and Services (MDIC) announced the extension of anti-dumping measures imposed on the imports of seamless carbon steel pipes up to 5 inches in diameter from Romania and China. The extension will be valid for five years, with an addition of $74.3/tonne for the Chinese product and $75.11/tonne for the
Brazil extends protectionist tariffs on steel pipe imports from China and Romania Read More »
In June 2023, the Brazilian ArcelorMittal (AMP) steel slab exports increased by 57.8% month-on-month, reaching 278.6 thousand tonnes, and decreased by 9.9% compared to June 2022. From January to June 2023, steel tile exports increased by 6.6% compared to last year, reaching 1.46 million tonnes. From January to June of this year, the United States
SMS Group has successfully upgraded the existing automation system at ArcelorMittal’s hot-rolling unit in Tubarao, Brazil. The unit, which had been in operation for twenty years had been retrofitted by another supplier where extensive preparation and close collaboration between the parties involved made it possible to upgrade during regular annual shutdowns without the need for
Brazilian iron ore mining company Vale reported net profits of $1.88 billion for the first quarter of 2023, compared to $4.48 billion in the same period in 2022 and $3.74 billion in the fourth quarter of 2022. Compared to the fourth quarter of 2022, net sales revenue decreased by 29.4% to $8.43 billion, production costs
A significant drop in Vale’s net profit during the first quarter of 2023 Read More »
Brazilian mining company Vale has agreed to pay $55.9 million to settle a US investigation accusing it of misleading the disclosure of safety factors in its dams, one of which collapsed in Brazil in 2019. In January 2019, a dam in one of the Company’s iron ore mining mines in Brazil collapsed, killing at least
Brazilian company Vale agrees to pay $56 million to settle the dam safety issue Read More »
Vale, Brazil’s largest mining company, has produced many iron ore pellets without using coal, a significant step towards reducing carbon emissions. To produce pellets, coal is usually mixed with iron ore before being heated in furnaces. In a Vale pilot project conducted in February 2023 at a plant in Minas Gerais, the company replaced traditional