China: HBIS lowers ferro silicon purchase bids by $37/t for Mar’24

Hebei Iron and Steel (HBIS) group has finalised ferro silicon purchase prices at RMB 6,750/t ($938/t) for Mar’24 deliveries. Prices fell by RMB 270/t ($37/t) m-o-m and the bidding volume also dropped by 9,000 t m-o-m to 14,500 t. Ferro silicon (Si:75%) prices stood at RMB 6,700/t ($931/t) exw-Inner Mongolia on 14 Mar’24.