Hebei Steel cuts silico-manganese tender price by $171/t for November

摘要

Hebei Steel, China’s second largest steel mill, has announced its purchase price for silico-manganese will be 6,100 yuan ($870) per tonne for November delivery, down by 1,200 yuan per tonne from its October tender price, market sources told Fastmarkets on Thursday November 7. This compares with the October delivery tender price set at 7,300 yuan per tonne in late September. Hebei Steel released its silico-manganese bid price on Thursday afternoon Shanghai time and the price was quickly accepted by the country’s alloy smelters.