Hebei Steel cuts tender price for October-delivery silico-manganese by $30/t

Hebei Steel, China's second-largest steel mill, has finalized its purchase price for October-delivery silico-manganese at 6,130 yuan ($914) per tonne, market participants told Fastmarkets on Monday October 19.

The latest price is 200 yuan per tonne lower than the mill's purchase price of 6,330 yuan per tonne for September-delivery cargoes.
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 mill announced on October 12 that it would purchase 20,320 tonnes of October-delivery silico-manganese, down by 4,280 tonnes from the 24,600 tonnes it bought for September-delivery.

The following day, Hebei Steel released its first round bid of 6,050 yuan per tonne, and intended to finalize the tender price at...

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