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

Chinese output of hot metal, crude steel and finished steel all increased in August.

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

The new alliance, based on their advantages in 5G and underground mining...

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.