(IDEX Online) - The vast republic of Yakutia, in Russia, has yielded its largest ever natural color diamond, a 236-ct rough intense yellow-brown stone.It was found at the Ebelyakh alluvial diamond deposit, operated by a subsidiary of the state miner Alorosa, on the Anabar River.The diamond (pictured) is 47 x 24 x 22 mm and it is estimated to be 120-230 million years old. "Such a large n...Read More
The nickel sulfate price in China extended gains for a third straight week on Friday August 7, with the market rising by 11.3% since the start of July, but some sources doubt whether this uptrend will continue, Fastmarkets heard.Fastmarkets assessed the nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China price at 24,800-25,500 yuan ($3,559-3,659) per tonne on Friday, up by 800-1,000 yua...Read More
The US Commerce Department must better explain why it denied 12 requests by JSW Steel (USA) for Section 232 exclusions after the company complained that the department's conversations with competitors may have unduly influenced its decisions, the US Court of International Trade (CIT) has ruled.The court remanded the case and gave Commerce until Monday August 17 to explain if the case record is com...Read More
Hot-rolled coil prices in the United States remained just below $23 per hundredweight, according to market participants. Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $22.87 per hundredweight ($457.40 per ton) on Monday August 10, down 0.01% from $22.89 on Friday August 7, but up 3.3% from $22.13 per cwt one week earlier.Heard in the marketLead times were between fou...Read More
Prices for carbon steel plate in the United States held steady, with market participants pointing to the lack of a demand catalyst and a likelihood that mills will need to become more flexible on pricing through the end of the year.Order flow at mills improved a bit in July after market participants said they perceived a probable bottom in pricing, convincing buyers that new inventory stock would...Read More
Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Workers warned the administration that they would strike on August 10-12 "in the case of an unfair presidential election."According to official preliminary results, incumbent Alexander Lukashenko has won a sixth consecutive term...Read More
The price for steel rebar in Russia's Central Federal District around Moscow was unchanged on Monday August 10, while local producers mull an increase in prices for September amid strong buying activity, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($475) per tonne on Monday, including 20% VAT...Read More
Sentiment in the Northern European hot-rolled coil market has remained positive despite slow trading activity, sources told Fastmarkets on Monday August 10.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?414.17 ($488.03) per tonne on Monday, up by ?,?0.71 per tonne from ?,?413.46 per tonne on August 7.Monday's...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAES Gener said its agreement with the mines had been modified for power supply from its Angamos plant to end in August 2021. Escondida will have to pay $730.Read More
Markets are looking mixed this morning on Monday August 10, while traders weigh up the cross winds blowing through the markets, Fastmarkets learned.United States President Donald Trump’s intervention to step in to extend unemployment benefit after Congress failed to come up with a rescue package has provided some support, but his executive orders focused on Chinese tech companies only go furt...Read More
Brazilian ferrous scrap exports totaled 76,460 tonnes in July 2020, increasing by 1.8% from 75,080 tonnes in the corresponding month of 2019, with suppliers still resorting to the external market amid domestic demand weakness, data from the country's economy ministry showed last week.Exports grew on an annual basis of comparison in July, but fell month on month by 0.4% from 76,741 tonnes in June....Read More
Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More
Morning Technical Notes for August 10thDow Jones Industrial Average (DJIA) moved above 27,580.21 extending an intermediate uptrend.Dow Jones Industrial Average ETF (DIA) moved above $275.37 extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved above $104.69 and 105.07 to an all-time high extending an intermediate uptrend. Midcap 400 SPDRs (MDY) moved above $354....Read More
Domestic prices for steel hot-rolled coil in China decreased slightly on Monday August 10 on weaker futures, but market sentiment remained optimistic on supportive economic data.DomesticFastmarkets assessed the price for steel HRC, domestic, ex-whs Eastern China (Shanghai), at 4,050-4,060 yuan ($581-583) per tonne on August 10, narrowing downward by 10 yuan per tonne from last Friday.The lower HRC...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price...Read More
The price of tantalum concentrate softened again last week with Chinese buying appetite continuing to slow down.Fastmarkets assessed the price for tantalite, basis 25% min Ta2O5, cif China, at $61-63 per lb on Friday August 7, down by 3.9% from the previous week's assessment at $64-65 per lb."Consumers are not placing any new orders and have stopped buying material for now, but the supply is there...Read More
The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price of cobalt standard grade, in-whs Rotterdam, at $14.65-15.20 per lb on Friday August 7, 20...Read More
Key data from the pricing session in Shanghai on Friday August 7. Key drivers Deals continue to be concluded at higher levels week on week but trading volume per deal reduced because sellers were holding back from selling large quantities amid...Read More
Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More