China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese, partly reversing the increases in its tender prices for August and September.
The mill has offered to buy silico-manganese at 9,000 yuan ($1,310) per tonne for October delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China.The latest tender is around 200 yuan per tonne lower than the mill's September purchase price of 9,200 yuan per tonne, representing...