China's HBIS cuts July Mn tender price

摘要

Chinese major steel producer Hebei Iron and Steel (HBIS) has cut its manganese tender price for June delivery in response low demand in the stainless steel sector. HBIS' tender price for manganese lump 97pc fell to 11,000 yuan/t ($1,567/t) on a delivered basis and paid by acceptance bill, down by Yn850/t from a tender it issued in early June. The tender volume for July was 150t, down from 250t in June.