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Steel: Indian producers propose auto-grade price increase in the wake of coal volatility
Against a backdrop of volatile coal prices, Indian steel producers are negotiating a price increase for auto-grade steel. The proposed increase is Rs 2,000-3,000 per tonne for hot-rolled coils and Rs 4,500-6,000 per tonne for cold-rolled coils. These contracts are...
LME appoints a new technology manager to strengthen the competence of the core technology project
The London Metal Exchange (LME), which faces long delays in revamping its trading technology, said on Thursday it had appointed Alistair Baldwin, chief information officer at NatWest Markets, as the LME's new chief technology officer. His three-year project to...
Copper: Rio Tinto and Codelco collaborate to find more metal in Chile
Mining giant Rio Tinto and Chilean state miner Codelco on Wednesday created the joint venture Nuevo Cobre (New Copper) to explore and potentially develop operations in the country's northern Atacama region. The agreement, signed in Tokyo by Rio Tinto CEO Jakob...
Ferrous scrap: Assofemet’s October note
The national ferrous scrap market overall stable and demand low. Demand from steel mills differed from region to region depending on production, which also differed from one mill to another. Quotations remained stable overall, as demand and supply were in line. The...