[Ferro-Alloys.com] European ferrosilicon trading has been quiet although there are signs that the market may be establishing a price floor after months of steady price losses.

Chinese market support underscores prices Chinese steelmakers' tenders expected for August, which could boost prices European outlook steady in near term US market stable but inactive China producers support prices The domestic Chinese ferro-silicon price has steadied after the previous week’s price surge, with major Chinese ferro-silicon producers holding their offer prices.

Export prices for Brazilian slab rose for the first time in about a month last week, with buyers starting to place bookings after holding out for a period of time.

Steel mills have lowered their consumption of direct-reduced (DR) iron pellets, which has put strong downward price pressure on the global market, sources have told Fastmarkets this week.

Click here for more information: Ferrosilicon Daily Express 8.6

• [Editor:kangmingfei]