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Home / Metal News / Zhenshi Group Gets One NPI Blast Furnace Running in Indonesia, with Output Expected in August

Zhenshi Group Gets One NPI Blast Furnace Running in Indonesia, with Output Expected in August

iconAug 20, 2015 16:49
Source:SMM
Zhenshi Group ignited one 80m3 blast furnace recently, according to SMM sources.

SHANGHAI, Aug. 20 (SMM) – Zhenshi Group ignited one 80m3 blast furnace recently, according to SMM sources. 

It plans to produce 1,000-2,000 tonnes of NPI in August. 

The furnace, run by Zhenshi Group's subsidiary FBLN Company in Indonesia, is one part of its 80,000-tpy NPI project. 

Current NPI price after continuous losses left no profits for Indonesia-based producers, market players said. 

“NPI prices are expected to improve in September,” one person, unnamed, from the company expects.  

It is a traditionally peak demand season for stainless steel in September, and some large Chinese stainless steel mills may also launch NPI purchases at month-end. 

But, the NPI outlook is now clouded by strong pessimism amid the sluggish nickel market, SMM notes.   

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Zhenshi Group
China NPI output
Indonesia export ban

For queries, please contact William Gu at williamgu@smm.cn

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