Offer prices for South Korea-origin hot-rolled coil (HRC) exported to India have increased by at least $5 per tonne to $535-540 per tonne cfr Mumbai for shipments in August, Fastmarkets heard on Friday July 19.HRC from South Korea was last booked about a month ago at $530-535 per tonne cfr Mumbai.Importers, however, were currently not keen on booking HRC shipments for fear of the imposition of a s...Read More

MMG's production results for the second quarter of 2019 and the full-year production guidance.Second quarter production total, year-on-year percentage changeCopper cathode production - Kinsevere 16,463 tonnes, -20% Copper metal in concentrates - Las...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Copper inventories held in Shanghai Futures Exchange-approved warehouses increased by 6.4% week on week as of Friday July 19 amid weak domestic demand and renewed concerns over the possible escalation of trade tensions between the United States and China, the world's two largest economies. Deliverable copper stocks at SHFE-approved warehouse rose by 9,241 tonnes to 154,520 tonnes in the week to Ju...Read More

The London Metal Exchange will continue to push forward with relaxing its queue-based rent capping (QBRC) rule, a key area of warehousing reform, to 80 days, sources told Fastmarkets. Fastmarkets understands that there was a warehousing committee meeting on Thursday July 19, during which plans on the warehousing reforms were put to warehousing members. Under the new proposal, warehouses will be ab...Read More

The price range for grade-304 flat stainless steel products in Europe narrowed upward this week, with participants anticipating an increase in the alloy surcharges for August, sources told Fastmarkets on Friday June 19.Nickel prices increased sharply over the two weeks to July 19, leading sources to predict that monthly surcharges will rise or, at the very least, not decrease as they have for the...Read More

The zinc price has been fluctuating so much this year that analysts still cannot agree on where it is headed. Commodities researchers from major banks surveyed by Fastmarkets differed by $500 per tonne on their second-half 2019 forecast - that is 23.7% of the galvanizing metal's current value. At $2,460 per tonne at the open on Friday July 19, the LME three-month zinc contract was just $10 down fr...Read More

North China copper smelter Baiyin Nonferrous Group's one-month shutdown in July has had limited impact on copper concentrates and outright copper prices in China, market sources told Fastmarkets. Baiyin Nonferrous Group will restart its 200,000-tonne-per-year smelter by the end of July after the facility was suspended in late June to complete a flash furnace upgrade, market sources told Fastmarket...Read More

Prices of steel sheet products in the United States edged up during the week to Friday July 18, tracking an increase in the price for domestic hot-rolled coil.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US, stood at $35.50 per hundredweight ($700 per short ton) on July 18, up by 50 cents per cwt - or 1.4% - from one week earlier.Fastmarkets' price assessments for hot-d...Read More

The Brazilian government has imposed a definitive anti-dumping duty on imports of non-grain-oriented (NGO) electrical steel products from Germany, it announced in its official gazette on Friday July 19.The duty will be imposed at a rate of $166.32 per tonne, for a period of one year, according to a decision published in the gazette. After this period, the measure may be renewed, changed or suspend...Read More

Export prices for Brazil-origin slab remained stable for a second consecutive week on Friday July 19, with raw materials costs still high and deals sparse amid weak demand.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, $/tonne, was $420-430 on Friday July 19, unchanged from the previous week.Offers for Brazilian slab remained at $420-430 per t...Read More

Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil increased over the week ended Friday July 19, with demand reported to be moderate in the local and export markets.Coated coil producers increased their prices because of price rises for Turkey-origin hot-rolled coil (HRC).Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, rose to $520-525 per tonne ex-...Read More

The price for hot-rolled coil (HRC) in Turkey has gone up in some market areas over the past week but the summer slowdown and the reduction in end-user consumption have continued, sources told Fastmarkets on Friday July 19.Domestic pricesFastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey, increased to $520-525 per tonne on Friday, compared with $515-520 per tonne a week earli...Read More

Lucara Diamond Corp.announced that the winning submission for the naming of the 1,758 carat diamond.  Meaning "rare find" in Setswana, the name Sewelo was selected from over 22,000 submissions in a contest open to all citizens of Botswana. The announcement was made during a gala event hosted by Lucara Botswana in the presence of His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President o...Read More

The Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry and trade, issued a statement today that it will halt its financial contribution to The Scientific and Technical Research Center for Diamond (WTOCD). "[The WTOCD] can no longer count on the (unrestricted) financial support from the AWDC. The current market situation has led us to take this decision,...Read More

Aim-listed BlueRock Diamonds has sold a 12.2 ct diamond for $105 000 in its July tender.This diamond, at $8 584/ct, was the second-most valuable diamond the company had recovered to date, following the sale of a 24.9 ct diamond in the June tender for $196 000.AdvertisementBlueRock executive chairperson Mike Houston attributed the great recoveries to improved operational practices at the company&rs...Read More

Russian group Industrial Metallurgical Holding (IMH) is increasing the steel output from its new Tula Steel subsidiary, which is reducing the volumes available from merchant pig iron-making asset Tulachermet, Fastmarkets learnt during the week ended Friday July 19.So far in July, Tula Steel has been operating at a utilization rate of more than 50%, making around 70,000 tonnes of long steel product...Read More

The price of shredded ferrous scrap imported into India fell this week due to a lack of demand, sources told Fastmarkets on Friday July 19.Fastmarkets' weekly price for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $314.23 per tonne on July 19, down from $319.09 per tonne on July 12.Offer prices for shredded scrap moved down this week to $308-320 per tonne, from $315 to $3...Read More

Canada-headquartered diamond miner Lucara Diamond has chosen the name Sewelô, meaning “rare find” in Setswana, for the 1 758 ct diamond recovered from its Karowe mine, in Botswana, in April.The name was selected from over 22 000 submissions in a contest that was open to all Botswana citizens.AdvertisementThe announcement was made during a gala event hosted by Lucara Botswana in t...Read More

Turkish steel producers continued to book deep-sea ferrous scrap cargoes for August shipments at the end of the week, sources said on Friday July 19.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 14,000 tonnes of HMS 1&2 (80:20) at $295 per tonne, 12,000 tonnes of shredded at $300 per tonne and 6,000 tonnes of bonus at $305 per tonne cfr.A steel mill in the Marmara region b...Read More