Chinese NPI prices edge up despite slower restocking by stainless mills

Restocking by stainless steel mills in China slowed in the week to Friday August 11, but nickel pig iron (NPI) prices continued to rise for the fourth week in a row, sources told Fastmarkets.

Business slowed down as some stainless steel mills finished feedstock purchases, sources said, but NPI prices found support from input costs and stainless steel prices, which remained  above 15,000 yuan...


Dylan Duan

August 14, 2023

09:53 GMT