RAPAPORT... Alrosa sold $10.5 million worth of rough diamonds at anexceptional-stone tender in Dubai, the miner said last week. The 111 stones - each over 10.8 carats - weighed a combined1,725 carats, and fetched an average price of $6,087 per carat. "The auction...concluded with excellent results for us," said EvgenyAgureev, director of the United Selling Organization Alrosa. The final averagepri...Read More

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $575 million in the fifth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $554 million in the fourth cycle. Bruce Cleaver, CEO, De Beers Group, said: "Sentiment in the diamond industry's midstream is positive following the JCK Las Vegas trade show at the start...Read More

De Beers sold $575-million worth of rough diamonds in the fifth sales cycle of this year.This is higher than the $554-million worth of rough diamonds sold in the fourth sales cycle of this year, as well as the $541-million worth of rough diamonds sold in the fifth sales cycle of last year.Advertisement“Sentiment in the diamond industry’s midstream is positive following the JCK Las Vega...Read More

GFG Alliance is seeking to obtain 5 million tons per year of steel capacity in the United States within the next two to three years, primarily via acquisitions and the restoration of dormant brownfield facilities, executive chairman Sanjeev Gupta said on Tuesday June 26. London-based GFG - parent of industrial conglomerate Liberty House Group, which would directly control the new steel capacity -&...Read More

JSW Steel (USA) plans to spend up to $1 billion on major investments in the United States, including $500 million to install a hot end at its Baytown, Texas, plate mill and $500 million in an acquisition and associated investments at the Acero Junction mill in Ohio, the company's top executive said.That spending comes as the company's focus, which initially targeted heavy plate and energy markets...Read More

Severstal, one of two the largest rebar suppliers to Russia's Central region, has cut its offer prices more dramatically than traders expected, Metal Bulletin has learned. Metal Bulletin's domestic prices for Russian 12mm A500C rebar plunged by 1,500 roubles ($24) per tonne on the low end of the range to a new assessment of 37,000-38,500 roubles ($588-612) per tonne cpt Moscow, including VAT,...Read More

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, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilIndia, export,...Read More

The CIS export rebar and wire rod market have not seen any significant price changes over the week ended Monday June 25 amid limited trading activity.Some participants from the Middle East and Africa returned to the market by the middle of last week after the Eid-al Fitr celebration, marking the end of the Islamic holy month of Ramadan, while some are returning to business only this week so purcha...Read More

China's domestic hot-rolled coil prices have fallen to their lowest in a month on Tuesday June 26 following successive days of decreases.DomesticEastern China (Shanghai): 4,230-4,240 yuan ($647-649) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, down 30 yuan per tonneHRC futures declined for a fourth day and ended at a month's low, which continued to put pre...Read More

The latest metal markets news and price moves for the start of the North American day on Tuesday June 26. Nickel prices on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25, while other base metals prices also slumped. Here's how LME prices looked at 12:36pm in London. Hassan...Read More

The European charge and high carbon ferro-chrome benchmark has settled at $1.38 per lb for the third quarter of 2018. The settlement represents a reduction of 4 cents compared with the second quarter of the year. Metal Bulletin reported on June 18 that the widely-anticipated price reduction would be smaller than early estimates, due to rising spot ferro-chrome prices in Europe and China. Metal Bul...Read More

Prices for vanadium pentoxide (V2O5) jumped in China and Europe in the week ended Friday June 22, buoyed by tight supply in the spot market, while US ferro-vanadium quotations stabilized though low availability persists there. China's vanadium export prices jump on domestic tightnessEuropean vanadium market moved higher owing to tight spot cargoes US ferro-vanadium market largely was stable,...Read More

Ferro-chrome prices are rising in China amid domestic smelters shutdowns and South African supply concerns. Domestic ferro-chrome production shutdowns push up alloy prices in China South African charge chrome prices jump Ore prices continue to edge higher No impact from China tightness on Japan, South Korea European prices hold at 2018 high Imported ferro-chrome prices kept rising in China on Frid...Read More

Turkish steel producers extended their silence in the deep-sea scrap markets on Tuesday June 6 amid ongoing uncertainty, given the general elections that took place in the country this past weekend.Most market participants believed that the mills in Turkey would remain out of the deep-sea markets until next week, at which point they are expected to start bookings for August deliveries."The mills a...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 oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.92 per tonne cfr China,...Read More

Iron ore prices remained rangebound on Tuesday June 26, with the sudden depreciation in the yuan's value against the US dollar causing some jitters in the market.Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up $1.13 per tonneMetal Bulletin 58% Fe Premium Index: $52.77 per tonne cfr Qingdao, down $0.29 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.40 per tonne cfr Qingda...Read More

The seaborne coking coal market softened on Tuesday June 26, with some sellers heard to have lowered their offers.A cargo of premium mid-vol materials with a mid-July laycan was heard offered "below $200 per tonne cfr China," a mill source in northeast China said. "Sentiment is not too good now. We want to wait a...Read More

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Brazilian iron ore pellet producer Samarco has reached a final agreement with Brazilian authorities and its shareholders - Vale and BHP - to settle legal action that resulted from a tailings dam disaster in 2015. The agreement was signed by Samarco, Vale, BHP, and the Brazilian prosecution offices of the federal government and the states of Minas Gerais and Esp?-rito Santo, as well as other govern...Read More

China's ferrous futures tumbled in the first hour of trading on Tuesday June 26 but went on to recover most of those losses before the end of the morning session. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,681 yuan ($563) per tonne, down 9 yuan per tonne October hot-rolled coil: 3,812 yuan per tonne, down 9 yuan per tonne Dalian Commodity Exchange September...Read More