WEEKLY: China's NPI prices rise further on major mill's higher bids

China's nickel pig iron (NPI) prices maintained their upward trajectory during the week of August 25-29, buoyed by a leading stainless steel mill's higher procurement bid that reinforced the ferroalloy's firm price floor, Mysteel Global noted.

On August 29, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 950/mtu ($133/mtu) including delivery and the 13% VAT, registering a rise of Yuan 15/mtu from a week earlier. Tsingshan Group (Tsingshan), China's top stainless steelmaker headquartered in East China's