In late March, Hebei Iron & Steel published its FeSi purchase price and it’s natural and expected on weak FeSi condition.
FeSi 72# inquiry from Hebei Iron & Steel was RMB6,450/mt(delivery price include taxes) for April which dropped by RMB200/mt compared with previous month. It’s believed that this price would be the purchase price. Sha Steel would purchase 4,440mt FeSi 72# products on 28th March and it’s predicted that purchase price would be about RMB6,400/mt.
In next days, big steels would purchase FeSi products gradually. Mainstream purchase price would be known referred to Hebei Iron & Steel’s purchase price.