ArcelorMittal will drop the R600 per ton surcharge it added to local steel prices in March, amid its dispute with Kumba, and instead add around two-thirds of that extra cost into its regular pricing. Which equates to a reduction in steel prices right now, but if Arcelor wins its argument about higher ore prices with Kumba (as it continues to insist is inevitable), it will more easily be able to hang on to at least a portion of that now-included surcharge. Mining MX
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Towns near Fukushima are now being plagued by hordes of rampaging radioactive wild boars. Where are Asterix and Obelix when you need them?