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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.

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.

The purpose of the proposed fundraising is refinancing its existing high-cost debt.

"he two Indian steel companies will benefit from rising steel production on the back of continued demand growth."