SiMn market stabilizes after decline, mainstream steel companies enter the market [SMM SiMn Daily Review]

Published: May 14, 2025 17:18

Save

[SMM Daily Review of SiMn: SiMn Market Stabilizes After Halting Decline, Mainstream Steel Tenders Enter the Market] In the northern market, the price of SiMn alloy 65/17 (cash) is 5,600-5,700 yuan/mt, up 50 yuan/mt WoW from last Wednesday; in the southern market, the price of SiMn alloy 65/17 (cash) is 5,550-5,750 yuan/mt, up 50 yuan/mt WoW from last Wednesday. According to SMM, on the raw material side, driven by the continuous strong oscillation in the SiMn futures market, there is a strong sentiment for ore prices to follow suit. Miners are offering firm quotes, and the spot price of manganese ore has risen slightly. On the supply side, SiMn plants have a weak willingness to offer quotes actively, with many adopting a wait-and-see sentiment. Some SiMn holders have slightly raised their quotes. On the demand side, downstream buyers are cautious about purchasing SiMn. Mainstream steel tenders have entered the market, and the market is awaiting the pricing from these tenders.

May 14 news: In the northern market, the price of SiMn alloy 65/17 (cash) was 5,600-5,700 yuan/mt, up 50 yuan/mt WoW from last Wednesday; in the southern market, the price of SiMn alloy 65/17 (cash) was 5,550-5,750 yuan/mt, up 50 yuan/mt WoW from last Wednesday. According to SMM, on the raw material side, driven by the continuous strong and volatile performance of the SiMn futures market, there was a strong sentiment for ore prices to follow suit. Miners held firm in their offers, and the spot price of manganese ore rose slightly. On the supply side, SiMn plants were less inclined to offer quotes actively, with many adopting a wait-and-see sentiment. Some SiMn holders raised their quotes slightly. On the demand side, downstream buyers were cautious in purchasing SiMn. Mainstream steel tenders entered the market, and the market awaited the pricing from these tenders.

》Subscribe to view historical SMM metal spot prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 mins ago

【SMM Steel】British Steel moves toward full nationalization

【SMM Steel】British Steel is expected to be fully nationalized within weeks. The UK government took over operations from China's Jingye Group in April 2025 to prevent the Scunthorpe plant's closure. Steel has been designated a national security industry. The Scunthorpe plant has the UK's last two blast furnaces. Operating costs hit £377m by Jan 2026. British Steel supports nationalization for stability. Any new owner must invest heavily in EAF technology to replace blast furnaces.

10 mins ago

13 hours ago

[SMM Steel] SMS Group wins SAIL Durgapur billet caster modernization project

[SMM Steel] Germany’s SMS Group secured a contract from India’s SAIL to modernize billet casters at the Durgapur Steel Plant. The upgrade of two six-strand casters is expected to boost production capacity by over 60% and introduce a 150 mm × 150 mm billet section to support downstream rebar and wire rod production. The project will be implemented in two phases, with commissioning planned for Q4 2027 and Q3 2028.

13 hours ago

[SMM Steel] US drawn wire exports rise 12.5% MoM in January 2026

[SMM Steel] US drawn wire exports totaled 6,737 mt in January 2026, up 12.5% MoM but down 15% YoY, according to the US Department of Commerce. Canada remained the top destination with 2,831 mt, followed by Mexico at 2,702 mt, while export value reached $18.1 million.

13 hours ago