The United States' steel imports declined by nearly 18% in December compared with the same month in 2018 but rose by 0.5% sequentially.Steel mill product imports totaled 1,409,279 tonnes in the final month of last year, according to preliminary data updated on Monday January 27 by the US Commerce Department's Enforcement and Compliance division. That's down from 1,717,818 tonnes in Dece...Read More
US hot-rolled coil prices remain volatile around $30 per hundredweight ($600 per short ton) on hopes that longer lead times will allow mills to keep prices stable.But persistent concerns about demand - amid heightened fears that the coronavirus could hurt the broader economy - have kept buyers on the sidelines, sources said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calcu...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday January 28 due to a combination of good order books at EU mills and uncompetitive import offers, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?466.56 ($514.29) per tonne on January 28, up by ?,?5.31 per tonne day on day from ?,?461.25 per tonn...Read More
Some flat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week on lower offers and bids, but demand was weak because buyers wanted to see which direction the market would take after the Chinese new year holiday, sources told Fastmarkets on Tuesday January 28.The lunar new year break started on January 25, and was expected to end on January 30. But the outbreak of a...Read More
RAPAPORT... Crystal brand Swarovski introduced 16 new synthetic-diamond colors at Paris Haute Couture Fashion Week.The new hues fall into four creative categories in which Swarovski claims to play a role, it said last week. Each of the four areas - fashion, art, music and architecture - includes four colors of cushion-cut lab-grown diamonds. Every category in the collection is led by a "hero"...Read More
RAPAPORT... The Sixth Mediterranean Gemmological & Jewellery Conference will feature a roundtable debate on marketing lab-grown diamonds.The conference will take place from May 15 to 17 in Thessaloniki, Greece.Michael Schlamindger of Swarovski and Mark Cullinan of Cullinan Diamonds will be among the panelists at the discussion, which asks how synthetic diamonds and gems should be marketed...Read More
Domestic and import prices for steel rebar in the United Arab Emirates changed over the past week, while demand was moderate because buyers wanted to wait for the direction of prices after China returns from the Lunar New Year holiday, market sources said on Tuesday January 28.The Chinese New Year holiday break began on January 25 and will end on February 2 after the Chinese government ordered an...Read More
RAPAPORT...The World Diamond Council (WDC) has hired industry veteran Elodie Daguzan as executive director to succeed Marie-Chantal Kaninda, it said Tuesday.Daguzan most recently spent eight years at Paris-based diamond-trading company Rubel & M?(C)nasch?(C) as head of communications and industry relations, responsible for educating the company's clients about industry supply-chain development...Read More
RAPAPORT... Swiss watch exports rose in December, as retailers stocked up in anticipation of the Chinese New Year.Shipments to all countries grew 6% to CHF 1.73 billion ($1.78 billion) in December, the Federation of the Swiss Watch Industry reported Tuesday. That figure mainly reflects a 49% increase in exports to China, which outweighed a 21% drop in orders from Hong Kong. Supply to the US r...Read More
RAPAPORT... Diamcor Mining's rough-diamond sales were flat year on year in the third fiscal quarter, as a shift to lower-quality goods led to a drop in the average price.The company sold 13,218 carats for $1.4 million during the period ending December 31 at an average price of $107 per carat, it said last week. That compared to the $1.4 million it earned during the same period the previous ye...Read More
RAPAPORT... Petra Diamonds' shares fell 11% in early trading Monday after the miner reported a slide in revenue resulting from weak rough prices.Revenue fell 6% to $193.9 million in the first fiscal half ending December 31, while sales volume was stable at 1.7 million carats, Petra said Monday.Rough prices fell 10% due to the weak market, while a poorer product mix from Petra's Finsch mine in...Read More
A strong rise in Chinese steel production led the way to a 3.4% year-on-year increase in global crude steel output in 2019, according to the World Steel Association (Worldsteel).A total of 1.87 billion tonnes of crude steel were produced last year, compared with 1.81 billion tonnes a year earlier, Worldsteel said.Steel production in China continued to rocket upward, with steelmakers in the country...Read More
(IDEX Online) - The World Diamond Council (WDC) has announced the appointment of Elodie Daguzan as its new executive director, effective February 1. She takes over from Marie-Chantal Kaninda, who stepped down last year for a new opportunity in the Democratic Republic of Congo. Daguzan has worked in the diamond industry for the past 19 years. For the past eight years she has been head of commu...Read More
The Minerals Council South Africa has established the Associations Leadership Forum to serve the needs of the council’s association members.These members include the Aggregate and Sand Producers Association of Southern Africa, the Clay Brick Association and the South African Diamonds Producers Organisation (Sadpo), which all represent a number of small miners.AdvertisementThe forum is expect...Read More
Christie's is holding an online sale featuring a selection of love-inspired jewelry. The sale, which runs from February 5-13, has over $300 lots. Among the lots are Graff diamond heart earrings ($10,000-15,000); Cartier, diamond "Love" bangle bracelet ($15,000-20,000); JAR aluminum rose petal earrings ($1,500-2,000) and a Verdura "Lace" gold necklace ($5,000-7,000), among other festive h...Read More
London-listed Petra Diamonds expects to report production of 2.07-million carats of diamonds for the six months ended December 31.In a trading update published on Monday, ahead of the release of its interim results on February 17, the miner noted that production for the six months had been about 3% higher than the 2.01-million carats produced in the six months ended December 31, 2018.Advertisement...Read More
(IDEX Online) - Karelian Diamond Resources plc, a mining company operating in Finland, has been granted permission to carry out exploration in Lahtojoki South. The area is close to the Lahtojoki Diamond Deposit where kimberlite boulders - believed to derive from an undiscovered kimberlite - have been discovered. The exploration permit includes the area in which kimberlite boulders were discov...Read More
The Turkish deep-sea scrap import markets have remained quiet since yesterday, with both sellers and buyers holding back from the markets, sources said on Tuesday January 28.The mills in Turkey have booked only two deep-sea cargoes in the past two weeks because of the sluggish rebar and billet markets in the country.Late on January 22, a steel mill in the Iskenderun region booked a UK cargo compri...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe companies intend now to flesh out definitive details of a transaction.Madison is currently under an ‘earn-in with option to joint v...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesANLA issued an administrative document indicating AngloGold Ashanti had complied with all the established requirement and provided the environmental authority with all the information and documentsRead More