[Ferro-Alloys.com] The Chinese ferro-silicon market softened over the past week in line with weaker demand, in turn fueling expectations of further price weakness in the near term.

In Europe, however, the ferro-silicon market was steady after recording a small bounce in the prior week after suppliers held their offer prices ahead of expected uptick in demand. Chinese market prepares for further losses, Europe awaits return of steelmakers, US market tumbles amid renewed activity.

Vietnam’s steel companies post poor profits in second quarter

Second-quarter earnings of steelmaking companies showed signs of deterioration as prices of iron ore continued to increase, leading to higher production costs and lower profit.

Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association (VSA). 

Click here for more information: Ferrosilicon Daily Express 8.14

• [Editor:kangmingfei]