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Flat Demand Further Crippled HC FeMn Market in China

  • Tuesday, June 9, 2015
  • Source:ferro-alloys.com

  • Keywords:FeMn Ferromanganese
[Fellow][Ferro-Alloys.com]Other steel mills tended to further cut purchase on high carbon ferromanganese 65 on the heel of Hebei Iron and Steel Group. It is said that many producers in north areas in China already

[Ferro-Alloys.com]Other steel mills tended to further cut purchase on high carbon ferromanganese 65 on the heel of Hebei Iron and Steel Group. It is said that many producers in north areas in China already contracted 65 quotation to RMB4,400-4,500/mt while RMB4,600-4,700/mt in south. Among of this, high carbon ferromanganese 65 pegged at RMB4,400/mt in Ningxia while RMB4,500/mt in Inner Mongolia. In Liaoning, high carbon ferromanganese 65 lingered about RMB4,600-4,700/mt.

In general, firm imported manganese ore has yet to bring about enough support on alloy market amid worse demand, though many alloy producers already put on the verge of suffering hefty loss. It is estimated that high carbon ferromanganese in June would likely to maintain downturn trend.  

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  • [Editor:Sophie]

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