The steel industry recognizes the importance of the issues surrounding emissions to air and their impact on ambient air quality, human health and the environment. For decades, the steel industry has taken measures to address these issues, thereby significantly and demonstrably reducing emissions per tonne of steel. Steel, whether produced via the integrated, direct reduced…
Here are five Fastmarkets MB stories you might have missed on Thursday September 12 that are worth another look. The three-month nickel price on the London Metal Exchange closed lower on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted questions in the market about prospective deliveries into LME warehouses to ease trading conditions.…
Manila Times reported that Philippines Presidential Anti-Corruption Commission has launched an investigation into the allegations of corruption against several big steel manufacturers and officials of the Bureau of Customs involving the smuggling of steel that has deprived the government of billions of pesos in tax revenues. PACC Chairman Dante Jimenez said his office has brought…
The three-month nickel price on the London Metal Exchange was lower during morning trading on Friday September 13, declining by around 2.7% against a fresh inflow of some 12,000 tonnes, while copper futures continued to trade in an uptrend. Nickel futures were trading at around $17,500 per tonne on Friday morning, which is about 2.7%…
The Pioneer reported that the old employees of Rathi Steels locked up the office of the Deputy Labour Commissioner in Sambhalpur when the pre-fixed tripartite meeting could not be held in the stipulated time. The employees, the labour leaders and even local MLA Nauri Naik got infuriated when the company authorities didn’t turn up on…
Vale’s nickel processing Onça Puma plant in the northern state of Pará will resume operations after the Brazilian Supreme Court ruled in its favor, the miner said on Thursday September 12. Onça Puma’s mining activities have been halted since September 2017 as a result of several judicial decisions. Its nickel processing plant was also suspended in…
The Business Insider reported that Official Receiver of British Steel has confirmed that CEO Mr Gerald Reichmann is leaving to take up a new external role in a different sector. As per report “It had already been agreed with Reichmann that having assisted with getting British Steel into a stable position and identifying a preferred…
Fastmarkets MB has corrected its copper concentrates index, which was published incorrectly on Friday September 13 due to an error. Fastmarkets’ copper concentrates TC/RC index, cif Asia Pacific was published incorrectly and has now been corrected to $50.3 per tonne / 5.03 cents per lb. The rationale has been updated to reflect the correct figures. Fastmarkets…