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Vale’s jurisdiction request rejected by London court
The lawsuit is asking BHP the equivalent to $46 billion for the damages incurred with the collapse, while BHP asked Vale to participate in the sharing of expenses, in the case of a sentence ordering the payment of the amount.In the request, Vale questioned the competence of the court’s jurisdiction on a contribution claim filed by BHP, where the company requests the sharing “on any reflection in a class action against BHP in London.Vale said in a statement that it is “carefully considering the elements of the decision,” to settle its next steps in the process.”The class action lawsuit refers to the collapse in 2015 of the Fundão dam in Mariana, in the southeastern state of Minas Gerais, which served the iron ore and pellet producer Samarco, co-owned by Vale and BHP.

🌎 International · 🗓️ August 09, 2023 · Steel

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MEPS forges Steel City partnership with Sheffield FC
“We’re a global provider of insight from the steel sector and Sheffield FC is known across the world.The ‘on target’ theme of MEPS International’s sponsorship of Sheffield FC will not be wholly confined to the stadium’s stands, however.Sheffield-based MEPS has become the official ground sponsor of the historically significant sports club as it prepares to celebrate 45 years of supporting the steel sector in 2024.Visit the MEPS website for more details about its full range of products and how to subscribe.”MEPS founder Peter Fish recently joined head of marketing Joe Rugg and sales manager Jamie Milnes for the unveiling of the new Home of Football Stadium branding.

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🌎 International · 🗓️ August 09, 2023 · Steel

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Canadian trade deficit widens to $3.7 billion in June
1 percent in June.5 percent in June.2 billion in June.2 percent.7 percent.

🌎 International · 🗓️ August 09, 2023 · Steel

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Japanese auto output up 20.1 percent in January-May
8 percent year on year.0 percent year on year to 2,057,881 units.4 percent year on year to 1,614,784 units.In the meantime, the country’s automobile exports in May amounted to 296,960 units, up by 43.Meanwhile, in the first five months, domestic automobile sales in Japan moved up by 17.

🌎 International · 🗓️ August 09, 2023 · Steel

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France’s steel product export value down 23.5 percent in Jan-May
39 million of cold rolled steel bars - rising by 11.82 million of cold rolled steel strip - down 3.09 million of steel pipes and tubes - down 1.12 million of cold drawn wire - decreasing by 11.3 percent, €261.

🌎 International · 🗓️ August 09, 2023 · Steel

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