WEEKLY: China's NPI prices keep falling, losses deepen

Deepening woes in the stainless steel sector pushed China's spot prices of nickel pig iron (NPI) lower for another week through November 21, the latest Mysteel survey showed.

On November 21, Mysteel assessed the spot price of high-grade NPI with 7-13% nickel content in East China's Jiangsu province at Yuan 890/mtu ($125/mtu) including delivery and the 13% VAT, down by Yuan 20/mtu from a week earlier. The continuing slide in stainless prices during the survey week prompted mills to