Domestic long steel prices in Turkey have increased over the past week amid rising scrap import costs. But demand was still limited, sources said on Thursday December 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,120-3,140 Turkish lira ($528-532) per tonne on Thursday, up from 3,020-3,070 lira per tonne last week.The domestic rebar price in th...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...Read More

(IDEX Online) - Jewelers Mutual is using artificial intelligence (AI) to deliver improved customer experiences, prevent losses and provide better protection and policies for both jewelers and customers.The company has turned to AI and machine learning (ML) company H2O.ai and its H20 Driverless AI to build machine learning models for predicting customer lifetime value and prevent high severity loss...Read More

(IDEX Online) - De Beers today said it provisionally sold $425 million worth of rough diamonds at its tenth and final Sight of the year, which took place earlier this month.This compares to sales of $544 million in 2018. Sight 1Sight 2Sight 3Sight 4Sight 5Sight 6Sight 7Sight 8Sight 9Sight 102019$500 M$496 M$581 M$416 M$391 M$250 M$287 M$297 M $400 M $425 M(Provisional)2018$672 M$563...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More

Rebar producers in the United Arab Emirates increased their prices for January production, effective Thursday, December 19.The country's biggest producer, Emirates Steel, is offering rebar at 1,900 dirhams...Read More

(IDEX Online) - Carla Liuni, formerly vice president of Global Marketing & Communication at Bulgari, is joining Pandora as its chief marketing officer. She will also serve on Pandora's Executive Leadership Team.  For the past four years Liuni, who will join Pandora in March 2020, has been responsible for marketing and communication at Bulgari. Prior to that, she spent almost 20...Read More

Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDThe 13,590m programme included step-out drilling to the north, where nine out of 10 holes encountered significant widths of mineralisation above the...Read More

Turkish steel mills have continued to stay away from the deep-sea scrap markets on Thursday December 19 and are focusing on finished steel sales, participants told Fastmarkets.Mills in the country went quiet earlier this week after booking two deep-sea cargoes at steady prices of $299-300 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20).The offers for deep-sea scrap then increased to $305-310 p...Read More

Ukrainian steelmaker Metinvest plans to continue cutting pig iron shipments in 2020 and to further increase its slab and steel output, sales director Dmitry Nikolayenko told Fastmarkets on the sidelines of the Middle East Iron & Steel (MEIS) conference in Dubai last week.In 2020, Metinvest's pig iron shipments will be down by about 200,000 tonnes compared with 2019, the company said.Over the first...Read More

The European steel industry has welcomed the European Commission's recently launched European Green Deal although further policy and support are required to ensure competitiveness.The European Union plans to be the first climate-neutral continent by 2050 through key policies to cut emissions and invest in research and innovation for green technologies. The decarbonization and modernization of ener...Read More

Seaborne iron ore prices experienced a slight uptick on Thursday December 19 amid ferrous futures gains in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.77 per tonne, up $0.57 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.86 per tonne, up $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $93.66 per tonne, up $0.54 per tonne.58% Fe fines high-premium, cfr Qingdao: $...Read More

Seaborne coking coal prices remained largely rangebound on Thursday December 19 despite more deals being concluded.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.12 per tonne, down $1.55 per tonnePremium hard coking coal, cfr Jingtang: $148.13 per tonne, up $0.80 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $134.9...Read More

What's in store for the steel and scrap markets in 2020? There is a good mix of opportunities and threats in the global ferrous trading environment in 2020, according to five major traders with supply chains out to the far reaches of the world. China's volatile policy changes, blooming markets in South Asia, a global trade war and excess steel supply will continue to have significant sway over the...Read More

China's domestic rebar prices moved up slightly on Thursday December 19 amid rising futures after the release of data pointing to a drop in output. Domestic Eastern China (Shanghai): 3,810-3,840 yuan ($544-548) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,500-3,540 yuan per tonne, up 10-20 yuan per tonneMajor steel mills produced 3.58 million tonnes of rebar in the week to Thursday,...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was a drop to 225,000 from 252,000 last week. Actual was 234,000. Consensus for December Philly Fed Index was a drop to 8.0 from 10.4 in November. Actual was.0.3%T...Read More

Spot market prices for alloy-grade and standard-grade cobalt diverged in the first half of the week. Large spot inquiries continued to materialise for certain brands and shapes of metal, though sales of off-grade units have clouded any optimism in the standard-grade market so far.Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, fell 10 cents on the high and low of the ra...Read More

Two weeks of strikes in protest against government plans to reform pension arrangements have delayed some minor metals deliveries that will now be postponed until 2020."It's very difficult to get material in and out of France and this is practically the last week of the year to ship goods to customers," a European minor metals trader said. "From next week onwards, most manufacturers close or are...Read More

December 19, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce final analytical results from its 2019 phase two exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. The analytical results reported below are from a total of ten core holes, which is the balance of the 2019 program. Six...Read More

Lucara Diamond (TSX: LUC) is the latest miner to inject some optimism into a depressed market that was hit this year by an unforeseen oversupply and increasing demand for lab-made gems by announcing better than expected sales in December.The Vancouver-based company, which operates the prolific Karowe mine in Botswana, fetched US$52.9 million in the final tender held last week. The figure represent...Read More