This marks a decrease of 1,300 yuan per tonne, or 18.1%, from the mill’s February tender price of 7,200 yuan per tonne
and comes at a time of reduced demand for the alloy from mills and an abundance of the material in the market, participants said.
The price from Hebei Steel, which is for cargoes delivered to warehouse, includes value-added tax and should be paid on acceptance, according to market sources.
On Tuesday, Hebei Steel announced it would purchase 19,680 tonnes of silico-manganese for delivery in March, 6,320 tonnes lower than the volume it purchased for delivery the prior month. The following day, the mill opened the first round of...