The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products.Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
China's rebar prices continued to experience pressure from the country's protracted trade tensions with the United States on Tuesday August 27.Domestic Eastern China (Shanghai): 3,550-3,600 yuan ($497-504) per tonne, down 70-90 yuan per tonneNorthern China (Beijing): 3,540-3,560 yuan per tonne, down 50 yuan per tonneSimmering tensions between the world's two largest economies pushed down rebar pri...Read More
RAPAPORT... Greek jeweler Folli Follie has confirmed reports it'sconsidering options for offloading its Links of London jewelry business. The ailing company, which purchased the UK-based chain ofjewelry stores in 2006, has appointed financial advisory company Deloitte andSavigny to weigh its options for the sale. Folli has been in troublefinancially since the results of an audit showed it had...Read More
RAPAPORT... New York-based startup Pietra believes it has found the answer to personalizing the online jewelry-buying experience. The company, which is backed by celebrated investor Marc Andreessen along with funds connected to Robert Downey Jr and Will Smith, last week launched Pietra Studio, an online fine-jewelryplatform that directly connects consumers with leading designers to create cus...Read More
RAPAPORT... Retail is a circle, not a line, and every trend comes back again - especially styles with distinctive looks and rich stories. As a new generation of customers discovers the charms of vintage jewelry, the style and craftsmanship of eras past have become not only a driving force in design, but a lucrative business for stores looking to find the right merchandise mix to draw in...Read More
The Times of India (ToI) reported that India's diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of Surat and Mumbai between January and July this year has fallen to the lowest in the past ten years. The world's two large...Read More
Four Hong Kong-based international trade shows, organized by the Hong Kong Trade Development Council (HKTDC) concluded successfully in August, the HKTDC reported. The four shows - the 30th HKTDC Food Expo; the11th HKTDC Hong Kong International Tea Fair; the fourth HKTDC Beauty & Wellness Expo; the sixth HKTDC Home Delights Expo; and the International Conference of the Modernization of Chinese...Read More
RAPAPORT... Stornoway Diamond Corporation has until December 20 to comply with Toronto Stock Exchange (TSX) requirements or face a delisting of its common shares. "There can be no assurance that the corporation willsuccessfully regain compliance with the TSX listing requirements within thistime period," the miner explained. "In which case, the corporation's commonshares and convertible debentures...Read More
Photo by Sylvia Pond. MyYellowKnife.com reported that nine Indigenous girls and their guardians from the Northwestern Territories (NWT), Nunavut and Northern Ontario were sent to the 2019 IMPACT Camp at the University of Waterloo by De Beers Group. The IMPACT Camp is a hands-on science camp where the girls got to experiment, learn about science, engineering and other focuses including careers to b...Read More
Reuters reported that China's biggest e-commerce company Alibaba Group Holding Ltd has delayed a listing in Hong Kong worth up to $15 billion "amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters." "Alibaba's Hong Kong-listing plans are being closely watched by the financial community for indications on the business environment in...Read More
Gemstone miner Gemfields’ latest auction of commercial-quality emeralds, held in Lusaka this week, attracted a record number of international buyers.The auction of 35 schedules of emeralds recovered from the Kagem mine, in which London-based Gemfields holds 75% and the Zambian government 25% through the Industrial Development Corporation (IDC), for the first time attracted Chinese buyers, in...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.Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie.“Competitively priced exports of Indonesian stainless product have provoked varyin...Read More
Prices for most ferrous scrap grades in Mexico's steelmaking regions of Monterrey and Baj?-o held steady in the week to Friday August 23, with a few slight increases seen in Monterrey.Fastmarkets' assessment for the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was 5,000 pesos per tonne on Tuesday August 27, up by 50 pesos from 4,950 pesos per tonne a week earlier.Sim...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes for September deliveries, taking advantage of falling prices, sources said on Tuesday August 27.A steel mill in the Marmara region booked a 42,000-tonne US cargo, comprising HMS 1&2 (80:20) at $270 per tonne and shredded at $275 per tonne cfr.Another steel mill in the Marmara region booked a UK cargo, comprising HMS 1&2 (80:20)...Read More
Domestic prices for auto bundle steel scrap in Turkey have increased because of the weakening value of the country's lira, but ship scrap prices have been stable, sources said on Tuesday August 27.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,580-1,770 ($272-304) per tonne on August 27, narrowing upward from last week's TRY1,550-1,770...Read More
Seaborne iron ore prices fell on Tuesday August 27, closing in on $80 per tonne cfr, amid weaker futures and steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.35 per tonne, down $2.56 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $82.73 per tonne, down $2.56 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $81.07 per tonne, down $3.25 per tonne. 58...Read More
Amani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldThe company reported a 15-20m step-out hole, which returned 86.4m grading 1.65% copper, 1.56 grams per tonne gold, 28.8g/t silver and 0.28% zinc - 3% copper-equivalent or 4.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.Latest transaction: iron oreIron oreVale, tender, 160,000 tonnes of 62.51% Fe Standard Sinter Feed Tubarao, traded at the October average of Fastmarkets' index for iron ore...Read More
The seaborne coking coal market was quiet on Tuesday August 27, leaving market participants keenly anticipating the next transaction to gauge the price direction.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.28 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $166.33 per tonne, up $0.08 per tonne Hard coking coal, fob DBCT: $138.76 per tonne, unchangedHard coking coal, cfr...Read More
Base metals prices on the Shanghai Futures Exchange edged up during morning trading on Tuesday August 27 after tensions between China and the United States appeared to ease a day earlier after both sides announced fresh tariffs against each other last Friday.Leaders of both countries expressed willingness to return to the negotiations table to resolve trade disputes between the world's two largest...Read More