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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…
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…
DetailsAn overview of the battery raw materials markets and their latest price moves. Source of information
DetailsOEMK 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…
DetailsThe 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…
DetailsMr 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…
DetailsSteelmakers 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…
DetailsAs 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…
DetailsGlobal ferrous scrap prices continued to move down across all the major scrap markets during the week ended Friday September 13, with buyers postponing buying activity in the expectation of securing lower prices after prices fell in Turkey, turning worldwide sentiment negative. Fresh Turkey bookings continue downward price trend US prices fall on recent cargoes…
DetailsThe US International Trade Commission has determined that revoking the existing antidumping order on imports of diffusion-annealed, nickel-plated flat-rolled steel products from Japan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determination, the existing antidumping duty order on imports…
DetailsExport prices of Brazilian slab dropped this week because of weakness in the flat steel market in the United States and competition from other suppliers. Fastmarkets’ weekly price of steel slab export, fob main port Brazil, was $420-435 per tonne on Friday September 13, down by $10-15 from $430-450 per tonne fob a week earlier.…
DetailsFollowing last year’s order for a new 18-stand rolling mill, Nucor Steel has chosen Danieli to supply a new Quenching and Self-Tempering system, to be installed at the same mill in Marion, Ohio. The Quenching and Self-Tempering process improves the mechanical properties of deformed bars, in particular the yield strength, using billets with lower alloy…
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