Hebei Steel’s April ferro-silicon tender price up slightly m-o-m but still below market expectations

China’s largest steel mill, Hebei Steel, has concluded its ferro-silicon tenders for March and April at levels below those released at the start of the year and close to alloy production costs.

Hebei Steel’s latest tender price for April is 6,250 yuan ($932.14) per tonne, for about 2,775 tonnes of ferro-silicon, according to sources. Hebei Steel’s tender price for March was 6,200 yuan per tonne for about 3,550 tonnes of ferro-silicon. These bid prices compare with the mill’s February tender price of 6,290 yuan per tonne, as Fastmarkets reported earlier. Market sources attributed the lower tender prices to weak demand and oversupply of ferro-silicon.  Despite the slight rebound in April,...

Published

Karen Ng

Huaqing Fu

April 16, 2019

10:23 GMT

Singapore, Shanghai