The European spot ferro-silicon price resumed its downturn last week, falling to a level last seen in March 2016 with consumers in the steel sector dragging down the cost of feedstock against a slump in end-user consumption.
Confirmed deals in Europe included a 400-tonne sale reportedly done at ?,?870 ($978) per tonne delivered, with another 75 tonnes sold at ?,?910-920 per tonne. Another deal for 2,000 tonnes of alloy was reported heard being done at ?,?860 per tonne, although that was for delivery in July and August. Steelmakers are mostly stretching second-quarter delivery settlements into the next quarter and traders doubt that many third-quarter delivery settlements will be done given such weak demand."Steelmakers in Europe...