Mainstream silicon-manganese steel mills are tendering, market sentiment is cautious.

The silicon-manganese spot market is consolidating with a slight weakness, and market prices are relatively stable. After the release of mainstream steel tender bids, the market inquiry atmosphere has improved. The cash price for qualified silicon-manganese lumps, including tax and self-pickup, in the northern mainstream market is 5,950-6,000 yuan/ton. East China has relatively sufficient sellable sources, with mainstream prices around 6,100-6,150 yuan/ton. The mainstream prices in the south are 6,000-6,100 yuan/ton. On the supply side, regarding raw materials, the manganese ore market is experiencing a supply and demand game, with relatively sufficient mainstream ore sources. Today’s market trading atmosphere is fair, with prices stabilizing and slightly weakening. On the demand side, Hebei Iron and Steel Group’s silicon-manganese production in April 2026 was 8,500 tons (including 4,500 tons of medium-thick plates). Production in early April: 5,100 tons; production in mid-March: 9,500 tons. (April 2025 silicon-manganese production: 11,400 tons). Overall, the silicon-manganese market is expected to remain in narrow-range consolidation in the short term, with attention to market transaction prices and futures market trends. (Mysteel)