Brazil’s Cosan to make iron ore mining debut

The dam is located in the municipality of Barão de Cocais, in the southeastern Brazilian state of Minas Gerais.

U.S. imports of steel wheels from China were valued at $388 million in 2017.

Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears.

Vale has been targeted by several court verdicts related to mines that use dams similar to the one that burst in the town of Brumadinho in January.

The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and berths.

China's steel sector is currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.

The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.

A state prosecutor filed subpoenas with Vale last June to review safety documents regarding its dam, but Vale's lawyers later argued that they had received positive reviews by an auditor.

Cyclone Trevor is expected to rapidly strengthen as it moves into the Gulf of Carpentaria, and is forecast to skirt South32 Ltd.’s manganese mine and a Glencore-operated zinc project