Europe stabilizes losses, with trading activity expected low key until March
US prices narrow amid limited trading activity
China set to return to trading after holiday
European market steady despite quiet conditions
European suppliers have stopped cutting their offer prices after a steady run lower in the market so far this year, with producers resisting moves much below €1,200 per tonne. Traders, however, seem prepared to offer ferro-silicon on a spot basis as low as €1,160 per tonne, but for now at least no lower.
The move follows the introduction of new steel tariffs in the European Union around the start of February targeted at imports that had been seen undercutting...