Iron-ore miner BHP Group and steelmaker Posco have signed a memorandum of understanding to advance hydrogen-based ironmaking technology as part of efforts to decarbonise the steel sector, the companies said last week.

Sao Paulo-traded shares of Vale rose about 2% on Friday.

Both production and domestic demand have decreased noticeably compared to 2024, while the share of imports in total consumption remains high.

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was141.8 million tonnes (Mt) in September 2025, a 1.6% decrease compared to September 2024.

Kazakhstan's metallurgical sector showed mixed results over the first nine months of2025, according to the latest industrial production data.

Japan based steel producer Tokyo Steel Manufacturing Co. revised down its profit forecast for the fiscal year 2025.

The Steel Exporters' Association(CIB) organized a sectoral trade mission to Romania, which is Turkey's largest market for steel exports.

Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts.