Key Facts
Iron ore benchmark settled near US$99.57 per tonne for 62% Fe delivery into China on Friday, September 4, 2026, essentially flat on the day.
Vale’s New York shares closed at US$15.27 down 0.26% on the session, underperforming Rio Tinto as investors read China steel jitters negatively for Brazilian export earnings.
China’s July crude steel output fell 3.6% from a year earlier to 76.93 million metric tons, with cumulative January-to-July production down 3.1% to 577.04 million tons.
CSN Mineração closed at R$6.59 a decline of -1.05%, matching the weaker tone across Brazilian mining equities on Friday.
