SMU Data and Models
February 21, 2014
Steel Buyers Basics: Conflict Minerals
Written by Mario Briccetti
Buyers who read Steel Market Update may know all about the subject of conflict minerals and the large impact it has had on purchasing departments. However, many buyers may not be familiar with the requirements of the law in this matter.
In 2010, the US Congress enacted the Dodd-Frank financial reform law. A little know provision of that law (section 1502) requires publically traded companies to disclose the source of certain minerals (conflict minerals) that are mined in and around the Democratic Republic of Congo (DRC). In 2012 the Securities and Exchange Commission (SEC) issued a final rule to implement this law.
