China: HBIS cuts silico manganese bids by $14/t m-o-m for Jun’24

Hebei Iron and Steel (HBIS) Group has floated a tender for procurement of 14,530 t of silico manganese (65-17) for Jun’24. The bid prices for Jun’24 delivery are RMB 7,900/t ($1,091/t), down by RMB 100/t ($14/t) m-o-m. All prices are inclusive of taxes and freight charges. Spot prices of silico manganese (65-17, 25-150 mm) as on 4 June were at RMB 8,375/t ($1,156/t) exw-Inner Mongolia.