China Nickel Market: Upstream Quotations Weaken Amid Rising Steel Scrap Supply Pressure

Published: Mar 27, 2026 18:07

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[SMM Nickel Flash] In China, disruptions in nickel ore-related news continued. Supported by costs, upstream quotations were firm for a time, but steel scrap supply in the market increased significantly. Under the dual pressure from end-users and the cost advantage of steel scrap, upstream quotations for high-grade NPI gradually showed signs of weakening.

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