Metals News
Zhenshi Group Gets One NPI Blast Furnace Running in Indonesia, with Output Expected in August
company news
Aug 20,2015

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.   

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