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…Details
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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%…Details
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…Details
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…Details
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…Details
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…Details
A single blockchain-based industrial register of certificates will fight against falsification on the Russian metal products market
Within the framework of the 4th International Mining and Metallurgical Summit SAP, an initiative was announced to create a unified industry register of blockchain-based certificates of metal products. The idea was supported by Russian metallurgical companies Severstal, Zagorsk Pipe Plant, as well as industry associations. The system can be launched as early as next year…Details
An overview of the battery raw materials markets and their latest price moves. Source of informationDetails
Russian Steel Congress on Industrial Safety & Environmental Protection Takes Place at Metaloinvest EMK
OEMK hosted the Second Congress of the Russian Steel Association on labour protection, industrial and environment safety, entitled Russian Steel: Safe and Green Steelmaking. Congress participants included representatives of the World Steel Association and the largest Russian companies in the steelmaking industry and other sectors of the economy: Gazprom Neft, EVRAZ, Metalloinvest, Mechel, MMK, NLMK…Details
The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon. Copper futures closed at $5,974.50 per tonne in…Details
Mr PK Rath CMD of RINL inaugurated the two day 19th Chapter Convention on Quality Concepts organized by Quality Circle Forum of India in Visakhapatnam. The theme was Quality concepts for cultural breakthrough. Speaking on this occasion, Mr Rath mentioned that a quality-focused culture creates a healthy work environment and leads to satisfied customers and…Details
GERMANY FERROUS SCRAP: Domestic prices fall in Sept on poor finished steel demand, lower int’l market
Steelmakers in Germany have settled their monthly scrap contracts for September at prices that were down by an average of €25 ($28) per tonne from last month, sources told Fastmarkets on Friday September 13. Fastmarkets’ monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill Germany, was at €225-235 per…Details
As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works, MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation. The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by reducing the…Details