Steel plate prices in the United States dropped further during the week to Friday November 8, but the market might have found a bottom after more domestic mills joined efforts to raise pricing, some market participants said. Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill USwas at $30 per hundredweight ($600 per short ton) on Friday November 8, down by 1.6% from...Read More

RAPAPORT... The parent company of Bailey Banks & Biddle, whichclaims to be the US's oldest nationwide jeweler, has filed for Chapter 11bankruptcy in Texas, according to a court document. Houston-based BBB Group estimated both assets andliabilities of up to $50,000 in the November 6 voluntary petition. Joseph Trowbridge Bailey and Andrew Kitchen founded thecompany in 1832 as Bailey & Kitch...Read More

RAPAPORT... Rolex, Cartier and Tiffany & Co. captured the top threespots in the luxury category when it comes to the emotional connectioncustomers have with a brand, according to a study of "brand intimacy."   The three jewelry brands ranked ahead of Chanel, Jaguar, Louis Vuitton andGucci, as well as the other fashion and automotive brands which rounded out the luxury segment's...Read More

RAPAPORT... Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine's Galaxy inclusion mapping and DiaExpertplanning to study a rough stone's external shape, internal inclusions and anticipatedcolor and fluorescence...Read More

RAPAPORT... Israel's polished-diamond exports fell 21% to $2.62 billionin the first nine months of the year, according to data from the nation'sMinistry of Economy. Shipments to the US, Israel's largest export market,dropped 14% to $1.13 billion, while supply to Hong Kong slid 46% to $577million.Israel Trade Data for Jan-Sep 2019  Read More

(IDEX Online) - Underscoring the importance of the Far East market, 21 companies will exhibit in the Israel Diamond Pavilion at the upcoming Hong Kong International Jewelry Manufacturers' show (HKJMA).The pavilion will be located in Hall 1 of the Hong Kong Convention & Exhibition Centre and will feature the Diamonds Show database of Israeli exhibitors available in English and Chinese.&nbs...Read More

(IDEX Online) - The 11.11 Global Shopping Festival kicked off at midnight in China and generated $1 billion in the first minute and eight seconds. By the first hour, that number had shot up to $12 billion, reports Alibaby Group Holding Limited. The 11.11 shopping festival began in 2009 with participation from 27 merchants as an event for merchants and consumers to raise awareness about the va...Read More

The strength of December's ferrous scrap trade in the United States is in debate, with mills seeing potential for only a limited upside while sellers believe a repeat of November's increase may be necessary to reinvigorate scrap flows.One mill buyer said that he expects the market to increase by a modest $10 per gross ton in December because the last month of the year is not known for strong deman...Read More

Aim-listed Vast Resources has appointed Paul Fletcher FD with immediate effect.He has been CFO of the company since February.AdvertisementFletcher, who has 25 years’ experience working in the commodity and financial services industries, succeeds former FD Roy Tucker.“I have great pleasure in welcoming Paul to the board. Paul has demonstrated expertise and commitment to Vast ever since...Read More

Turkish steel producers have booked more deep-sea cargoes for December delivery and prices have remained firm, sources told Fastmarkets on Monday November 11.Five deep-sea cargoes, totaling around 160,000 tonnes, were heard at the start of the week.A steel mill in northern Turkey booked a European cargo comprising 17,500 tonnes of HMS 1&2 (75:25) and 17,500 tonnes of bonus at an average price of $...Read More

RAPAPORT... Jewelry sales at Richemont increased 8% in the first fiscalhalf, even as the company faced a challenging market in Hong Kong. Jewelry proceeds at Cartier and Van Cleef & Arpels roseto EUR 3.74 billion ($4.12 billion) in the six months ending September 30,while watch sales grew 1% to EUR 1.57 billion ($1.73 billion), Richemontreported Friday. Cartier's Love and Juste un Clou j...Read More

Turkish domestic scrap prices have continued to climb over the past week under the influence of rising imported scrap values, sources said on Monday November 11.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,455-1,560 ($252-270) per tonne on Monday, up from the TRY1,400-1,555 per tonne of last week.The steel producers and a major scrap...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials....Read More

Seaborne coking coal prices displayed no clear trend on Monday November 11, though some market participants in China have reported an emergence of offers for November-loading cargoes despite it being close to the middle of the month.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.77 per tonne, up $1.53 per tonnePremium hard coking coal, cfr Jingtang: $145.02 per tonne, down $1.10 per t...Read More

Seaborne iron ore concentrate and pellet prices outperformed those for fines last week amid a weakening market.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $95 per tonne last Friday November 8, down $1.09 from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $92.30 per tonne last week, down $2.45 pe...Read More

The diamond pipeline appears to be heading towards a balance again, as the world’s major producers had reduced supply by a quarter since the beginning of the year, the CFO of Russian miner Alrosa said on Friday.Commenting on the company’s third-quarter and nine-month results, Alexey Philippovskiy said that the oversupply of polished diamonds and the “challenging situation”...Read More

Fastmarkets is proposing to change the publication day for its weekly Shanxi-origin, Tangshan-delivered domestic China coking coal price from every Friday to every Monday.The change, subject to market feedback, will be effective from Monday December 2.The specifications of the price remain unchanged:Price: Hard coking coal domestic China spot market, Shanxi-origin, delivered Tangshan, yuan/tonne Q...Read More

China's hot-rolled coil prices dipped further on Monday November 11 amid a weakening of demand, particularly in the eastern region.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($502-503) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,510 yuan per tonne, down 10 yuan per tonneA Shanghai-based trader said demand in the city had softened, which sapped trading volumes as well a...Read More

Polymetal building with good momentumSPONSOREDpolymetal internationalSayona's updated definitive feasibility study has increased Authier's potential as "a sustainable and profitable new mine", but as the optimised DFS was being finalised it became clear there areRead More

Poster South Africa mine regeneration on trackSPONSOREDorion mineralsThis will cover a planned 26% boost to initial processing capacity from 3 million tonnes per annum to 3.8Mtpa, plus additional mining fleets and a pre-production ore stockpile.Read More