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[Ferro-Alloys.com]Chinese FeV50 was offered at RMB79.000-80,000/mt (USD12,950-13,114/mt, export duty excluded) by acceptance. In mid-month, as downstream steel mills decreased buying volumes, the market was quiet. Still some steel mills made scattered tenders, with FeV50 transacting at RMB78,000-79,000/mt (USD12,786-12,950/mt, export duty excluded) by acceptance.

FeV50 price kept steady. Downstream rebar price lingered at low level, which exerted downward pressure on the market. Considering high cost, FeV suppliers rejected to sell low-priced materials. A Shaanxi FeV supplier reported limited transaction volumes, and mainly did old customer’s orders.

It is expected that FeV50 price would keep steady, as FeV suppliers are watchful amid sluggish steel market.

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• [Editor:Mango]