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![[SMM Analysis]Operating Rate Hits Nine-Year Low and Inventory Remains High, High-Grade NPI Imports Down 19.7% MoM in July](https://imgqn.smm.cn/news/xWlTD20220406172143.jpg)
[SMM Analysis]Operating Rate Hits Nine-Year Low and Inventory Remains High, High-Grade NPI Imports Down 19.7% MoM in July
Aug 21, 2025 08:59
According to customs data, China's total imports of nickel pig iron in July 2025 were 835,900 mt in physical content, down 19.7% MoM, with the YoY growth rate narrowing to 1.8%.
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