China’s 2025 steel demand to fall 1.5% on year, state research institute says
China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.
The environmental agency of Brazil’s Rio de Janeiro state said on Thursday it has allowed Vale’s iron ore terminal in Mangaratiba to reopen.
Earlier authorities had closed the Ilha de Guaiba terminal, which exports nearly 40 million tons of iron ore a year, saying it had been operating without a required permit.
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