The price from Hebei Steel, which is for cargoes delivered to warehouse in mills, includes the value-added tax and is paid on acceptance, according to market sources.
On December 25, Hebei Steel announced that it would purchase 26,600 tonnes of silico-manganese for January-delivery, 600 tonnes more than its purchase volume for cargoes delivered in December. The mill then announced an initial bidding price of 6,400 yuan per tonne in the early morning of December 27.
“I am afraid it’s hard to finalize the [silico-manganese tender] price soon this time because alloy plants are not willing to provide cargoes at...
