[Ferro-Alloys.com] It seems that the price of silicon manganese 6014 still failed to ceasing dropping after maintaining steady for some time since late August. In fact, the transaction price in southwest China has already dropped below RMB4,000/mt. Although th...
[Ferro-Alloys.com] As big steel mills’ tender price fell on early September, Silicon manganese alloy spot price continued to drop. In addition, more and more small and medium enterprises are forced to cut or halt production in mid September.
Above all, the silicon manganese industry consolidation is urgent. Furthermore, the cooperation and coordination among companies is essential to solve the difficult situation and acquire pricing power.
Owing to the support of continuously stable quotation by overseas mining giants, there was little fluctuation in the spot market of China’s imported Manganese Ore as a whole in August.