NPI Market Stabilizes as Ore Supply Issues Persist and Nickel Prices Recover

Published: Mar 23, 2026 15:19

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[SMM Nickel Flash] News on March 23: Supply side, supply issues on the ore side continued to support the production cost of high-grade NPI, while nickel prices recovered and the market's low-price sell-off ended. Demand side, steel mills still showed a stronger preference for purchasing steel scrap, and their current willingness to purchase high-grade NPI remained low. Overall, the transaction center of high-grade NPI stabilized, and the market expects a rebound in stainless steel prices to boost the ceiling for raw material prices.

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