Buyers do not want to book big tonnages before prices hit bottom, they said.

Buying activity softened further because prices have been falling too fast.

FeV prices fall on spot sales down in Western market A few spot FeV sales in the US and Europe indicated lower prices. A US mill reportedly purchased 10,000 lb at $14.65 per lb. A trader said he had lost an even smaller business at below $14.60. In Europe,...

The HBA dropped down from 72.67 U.S. dollar per metric ton for August, the spokesman said.

ferro-alloys.com:August crude outputs of JSW’s steels inclines 13% yoy to 1.25 mt

Subdued construction demand is also a trigger for such cutbacks.

The move is said to capitalize on the growing demand for steel in Vietnam’s fast-growing northern region.

On Sept. 23, the Deutsche Boerse announced Wednesday evening in an online note.