China’s NPI prices plunge amid a weakening stainless steel market

China’s nickel pig iron (NPI) prices registered a third-straight week of decline over the pricing week to Friday March 3, with market participants blaming the nosedive on the weakening stainless steel market, Fastmarkets learnt from sources.

An offer was quoted at 1,310 yuan per nickel unit, with no deal reached; most sources did not consider the market to be there yet. But the offer indicated a...

Published

Dylan Duan

March 06, 2023

06:05 GMT