[Ferro-Alloys.com]：Buying activity softened further in the export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States during the week ended Monday September 16, because prices have been falling too fast.

Latin America’s apparent steel consumption fell by 3% year on year in the first half of 2019, to 33.67 million tonnes, mainly due to lower performance in Mexico and Argentina.

Import prices for steel slab in Southeast Asia and East Asia continued to decline over the past week because of weakness in the downstream flat steel markets caused by sluggish demand and lower prices, market sources said.

Chinese cold-rolled coil and hot-dipped galvanized coil export prices held steady over the past week amid stable domestic demand, although trading activity remained sluggish in the export markets.

Desheng Stainless Steel, a subsidiary of Chinese state-owned Baowu Steel, plans to start construction of a series of facilities for making crude stainless steel in eastern China’s Fujian province, according to a notice released by the Fujian Industry & Information Bureau on September 12.

Click here for more information: Ferrosilicon Daily Express 9.19

• [Editor:kangmingfei]