Steelmakers further lower purchasing prices of silico-manganese

SHANGHAI, Dec 29 (SMM) – A large steelmaker in Hebei this week settled its latest purchasing price of silico-manganese alloy at 8,250 yuan/mt on acceptance in its January tender, SMM learned.

The price, including tax and transport costs, is 500-700 yuan/mt down from that for December tenders. The procurement volume stood at 23,000 mt.

Another steel mill, owned by CITIC Pacific, concluded silico-manganese purchasing price for its January tender at 8,200 yuan/mt on acceptance, also including tax and transport costs. The price was down 760 yuan/mt from the previous tender.

Wuhan Iron and Steel decided to purchase silico-manganese at 8,500 yuan/mt on acceptance in its January tender, down 550 yuan/mt from the previous tender.

Guangxi Liuzhou Iron & Steel settled its latest purchasing price of silico-manganese at 8,300-8,350 yuan/mt, with procurement volume at 16,000 mt.

Xiangtan Iron & Steel of Hunan Valin would buy 12,000 mt of silico-manganese at 8,300 yuan/mt in its January tender.