(IDEX Online) - One of the world's rarest and most sought-after watches, a Patek Philippe Reference 2523 with Eurasian Dial, is to be auctioned. It is valued at over $3.7m.The newly-discovered timepiece (pictured) is being offered for sale by Phillips, in association with Bacs & Russo, at the Geneva Watch Auction: XIII on 8-9 May. It was recently discovered in an important European collec...Read More

Zinc producer Trevali has begun trucking ore concentrate at its mothballed Caribou mine in the Canadian province of New Brunswick, the company said on Tuesday March 30.The activity follows the producer reopening the Caribou mine in mid-January. It had been on care and maintenance from March 2020.The Caribou mine's last full year of activity was 2019, when it recorded 34,017 tonnes of zinc producti...Read More

IDEX Online) - The more dominant movement was upwards for both rounds and fancies in March. There was little activity among fancies, but smaller goods reversed many of the losses suffered in February.RoundsThere was mixed activity in goods of most sizes during March, with little movement among smaller stones, notably 0.18-0.29 cts and 0.50-0.69 cts. One carats (1.00-1.24 cts) saw a smattering...Read More

Prices in Turkey for steel hot-rolled coil came close to $1,000 per tonne during the week ending Thursday April 1, with producers fully booked until late July, sources have told Fastmarkets.Demand was strong in the country because of low stock levels, as well as the expectation of more price increases.Most market participants expected further price increases next week, because of globally high pri...Read More

Hot-dipped galvanized (HDG) and pre-painted galvanized iron, or color-coated coil, prices in Turkey increased as expected during the week to Thursday April 1, with demand still strong, sources told Fastmarkets.The price increases were expected due to strong demand and globally high prices, along with continuously rising production costs.Prices for hot-rolled coil (HRC) - the base product for...Read More

Exporters of billet from the Commonwealth of Independent States (CIS) region remained bullish despite the lack of trading activity in the Black Sea basin this week, sources told Fastmarkets on Thursday April 1.The producers remained positive amid expectations of price rises in China due to the possible removal or reduction in its export tax rebate, along with the recovery in finished long steel pr...Read More

A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Reduced CIS suppliesCustomers from Italy and Turkey have noticed a reduction in the availability of steel slab originating in the Commonwealth of Independent States (CIS) region in the second half of March."Some Italian re-rollers cannot produce much coil and plate due to missi...Read More

Steelmaker JSW has started production on a new 5 million tonnes-per-year hot-strip mill at its Dolvi Works in Maharashtra, India, the company said in a note to the Bombay Stock Exchange on Thursday April 1.Fastmarkets weekly price assessment for steel heavy plate domestic, ex-whse...Read More

Turkish billet prices have strengthened over the past week in line with improving finished steel and scrap values, market sources said on Thursday April 1. Turkish steel mills paid slightly higher prices for scrap in the past week, following increasing rebar export sales into Southeast Asia. Several steel producers were heard selling good tonnages to Southeast Asia at $625-636 per tonne fob o...Read More

Base metals prices on the London Metal Exchange were mainly weaker this morning, Thursday April 1, and those on the Shanghai Futures Exchange were more mixed, while markets contend with cross winds.* United States treasury 10-year yields remain upbeat, as does the dollar* China’s Caixin manufacturing purchasing managers’ index (PMI) at 50.6 showed slower growth in March, compared with 50...Read More

The pig iron import market in the United States was slow during the week to Thursday April 1 due to the large gap between the workable price estimates for buyers and from suppliers in the Commonwealth of Independent States.Consequently, Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $555-565 per tonne on Thursday, unchanged week on week."The US is the only market w...Read More

The spot price for light iron steel scrap in the United Kingdom went up during the week to Thursday April 1, climbing with domestic dealers competing more keenly for supplies against firmer demand for exports out of Europe to the key overseas buyer, Turkey, sources have told Fastmarkets.The price was up mostly in areas close to UK ports, where domestic steel scrap demand was strongest from major s...Read More

(Corrects paragraph 5 to reflect that the DBS official is awoman, not a man) * DBS, BNP Paribas to lead a consortium of 9 banks * The HPAL project is expected to be the first in Indonesia * Deal includes term loan and working capital facility * Indonesia's progress in producing battery metals in focus HANOI, April 1 (Reuters) - Singapore bank DBS Group said on Thursday it has co-led a group of len...Read More

Offer prices to the key import steel scrap market in Bangladesh have gone up over the past week, but demand for scrap material was low ahead of the Islamic holy month of Ramadan, sources told Fastmarkets on Thursday April 1.Import markets across Asia have received higher offers for steel scrap this week, with strong rebar and billet markets giving many steelmakers excellent margins and more room t...Read More

Steel mills around the world are buying ferrous scrap at higher prices, spurred by rebounding downstream steel prices in the rebar and billet markets.Turkey sees price rebound and correction in one weekUS sees sales to Turkey, AsiaVietnamese mills increase bidsChinese buyers also raise bidsTight scrap supplyin TaiwanIndian prices higher on good sentiment.TurkeyA major Turkish steel mill supported...Read More

Turkish deep-sea scrap import prices have made a downward correction with the latest cargo sold from Europe, sources told Fastmarkets on Thursday April 1.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20), 10,000 tonnes of shredded and 10,000 tonnes of bonus at an average price of $421 per tonne cfr.The previous cargo sold into Turkey from the U...Read More

Prices for shredded steel scrap imported into India and Pakistan moved back up in the week to Thursday April 1 on good market sentiment, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $443.30 per tonne on Thursday, up from $423.29 per tonne on March 26.No deals were heard on the market this week, but offers were heard...Read More

Editor's Note: Next Tech Talk report is released on MondayMicron (MU), a NASDAQ 100 stock gained $4.45 to $92.66 after reporting higher than consensus fiscal second quarter sales and earnings after the close yesterdayMicrosoft (MSFT), a Dow Jones Industrial Average stock gained $3.90 to $239.67 after winning a U.S. Army contract valued at $22 billion to produce AR handsets.KLA Tencor (KLAC), a NAS...Read More

Iron ore prices went up on Thursday April 1, largely due to support from rising steel prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $167.60 per tonne, up $2.45 per tonne62% Fe low-alumina fines, cfr Qingdao: $168.52 per tonne, up $1.94 per tonne58% Fe fines high-grade premium, cfr Qingdao: $150.19 per tonne, up $3.20 per tonne65% Fe Brazil-origin fines, c...Read More

The zinc price was down the most in the London Metal Exchange base metals complex on the morning of Thursday April 1, with most of the others also drifting lower after a lackluster month's end for the metals on Wednesday. Zinc's three-month price was down to $2,788 per tonne on Thursday at 9am, from its closing price on Wednesday of $2,818.50 per tonne. This comes after the metal was mostly u...Read More