Latin America’s apparent steel consumption fell by 3% year on year in the first half of 2019.

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.

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

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

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

Subdued construction demand is also a trigger for such cutbacks.

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