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NWI Times reported that anew president has been named at Gary based Chemcoaters. It hired Mr Connor McMenamin, who most recently headed up Tata Steel’s operations in Mexico. He also worked in sales and account management for India based multinational steelmaker. A University of Illinois alumnus, McManamin is fluent in Spanish, Portuguese, Arabic and French.…
DetailsIndian domestic secondary billet prices rose by 300 rupees ($4) per tonne week-over-week in the seven days ended Friday September 13, on the rising costs of finished long steel products and tight supply of semi-finished materials. The price of steel billet domestic, ex-works India, assessed by Fastmarkets on September 13, was up by 300 rupees…
DetailsWestern Superconducting Technologies Co Ltd in Xian in Shaanxi Province of China has successfully put into service a 63/80-MN two-column high-speed push-down open-die forging press supplied by SMS group. The supply also included two integrated railbound 25-ton manipulators and a mobile eight-ton loading and unloading manipulator. The Chinese company is now able to flexibly manufacture…
DetailsCold-rolled and galvanized steel prices in the United States declined over the past week, with weakening end-market demand and September’s ferrous scrap settlement working in tandem to erode spot market prices. Fastmarkets’ weekly price assessments for steel cold-rolled coil, fob mill US, and for steel hot-dipped galvanized (base) steel coil, fob mill US, both decreased to $37…
DetailsThe 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…
DetailsHere 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.…
DetailsManila 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…
DetailsThe 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%…
DetailsThe 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…
DetailsVale’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…
DetailsThe 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…
DetailsFastmarkets 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…
DetailsWithin 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…
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