WEEKLY: China's NPI prices strengthen further

Chinese nickel pig iron (NPI) prices maintained the uptrend this week thanks to the support from the cost side and market expectations for better demand from downstream stainless producers, Mysteel Global learned.

As of March 4, the price of 7-13% grade NPI in East China's Jiangsu province was assessed by Mysteel at Yuan 990/mtu ($136/mtu) including delivery and the 13% VAT, rising by Yuan 10/mtu from one week earlier and refreshing the highest since November 22 2024. Chinese NPI smelters are trying