China's largest steel mill, Hebei Steel, has raised its monthly purchase price for silico-manganese, reversing the cut in last month's tender.
The mill has offered to buy silico-manganese at 9,100 yuan ($1,315.78) per tonne for November delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China.The latest tender is about 100 yuan higher than the mill's October purchase price of 9,000 yuan per tonne, representing a 1.1% month-on-month increase. Hebei Steel's purchase volume for November is also...