HBIS lowers Mar's purchasing prices of silico-manganese alloy

SHANGHAI, Mar 1 (SMM) – China's biggest steelmaker Hebei Iron and Steel Group (HBIS Group) set its purchasing prices for silico-manganese alloy 120 yuan/mt lower from February, at 7,780 yuan/mt on acceptance in its latest tender for March. 

The price included tax and transport costs, with procurement volume at 28,500 mt, up 8,510 mt from February. 

The lower prices continued to weigh on margins of silico-manganese alloy producers across major production areas in the north. 

On the morning of March 1, #6517 silico-manganese alloy in Inner Mongolia was mostly offered at 7,650 yuan/mt ex-works on acceptance, changed little from February 28.