Onix Underground

Steel prices affect every industry. In the mining industry, due to a temporary shortage in the wake of THE COVID-19 disruptions, the price of this global commodity has increase roughly from USD 750 per ton to USD 1.000 per ton reaching a historical peak increasing more than 40% since the beginning of the year.

The freight rates are also high due to the strong and continued peak in the ocean container demand, the overbooking of port hubs and many factors which contribute to this increase.

We hope that both, steel and freight prices, stabilize from the pandemic-induced slowdown in the next months.

At Onix Underground, our commitment with our clients as offering the best product quality and service fulfilling their needs at all times, is a priority and the most important thing for us. That is why, we will try to do our best to face this complicate situation effectively and being transparent at all times informing our clients of any progress or setback of this situation.

At ONIX UNDERGROUND we have applied polices and protocols to all of our employees who physically work in our offices and factory in order to mitigate the spread of coronavirus. The major practices that we have applied, which protect employees, customers and communities are:

1. Clean workplaces and shared items
2. Place sanitizers along workplaces
3. Reinforce handwashing procedures to limit the virus exposure
4. Reduce office capacity
5. Practice social distancing by maintaining 2-meter distance between employees and customers
6. Encouraging employees to wear cloth face coverings and gloves in the workplace, if appropriate

Even though COVID-19 pandemic affected the mining industry in a variety of ways, we have been optimizing our business operations and strategy to continue being operative and efficient fulfilling our responsibilities with our customers. Obviously, we do not know how long will last this situation and it will depend on the spread of the virus. However, ensuring that our supply chain is functioning well is a key element for us. Our main goal is to be able to manufacture and deliver efficiently our support products so any downtime is minimised therefore customer productivity is maximised.