Hebei Steel cuts silico-manganese tender price for August by $43/t

Hebei Steel, China’s second largest steel mill, has finalized its purchase price for August-delivery silico-manganese at 6,200 yuan ($892) per tonne, market participants told Fastmarkets on Thursday August 6.

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.
The latest price is 300 yuan per tonne lower than the purchase price of 6,500 yuan per tonne for July-delivery cargoes.
Hebei Steel said on Tuesday August 4 that it will purchase 26,720 tonnes of August-delivery silico-manganese, down by 1,060 tonnes from 27,780 tonnes it bought for July-delivery.

The steel mill released its first round of bidding at 6,100 yuan per tonne and...

Published

Amy Lv

August 06, 2020

15:15 GMT

Shanghai