Hebei Steel raises February SiMn price by $86 on low inventory, logistics troubles

Hebei Steel, China's second-largest steel mill, has set its price for silico-manganese for February delivery at 7,200 yuan ($1,027) per tonne, market participants told Fastmarkets on Tuesday February 4.

This was up by 600 yuan per tonne from the mill's January tender price, they added.
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 February 1, Hebei Steel announced its intention to purchase 26,000 tonnes of silico-manganese for February delivery, 600 tonnes less than its purchase volume for cargoes delivered in January.

On the following day, the mill opened its first round of bidding at 6,900 yuan per tonne. It raised the price to 7,200 yuan per...

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