One North China Stainless Steel Mill Cuts Procurement Price for High-grade NPI for May

Published: May 02, 2017 17:09 (GMT+8)

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One stainless steel mill in north China released its benchmark procurement price for high-grade NPI for May at 830 yuan per mtu (price to factory, including tax, by cash), SMM learns.

SHANGHAI, May 2 (SMM) – One stainless steel mill in north China released its benchmark procurement price for high-grade NPI for May at 830 yuan per mtu (price to factory, including tax, by cash), Shanghai Metals Market learns.

What’s Outlook for Nickel Market after Cut News at Chinese NPI and Stainless Steel Producers? SMM Reports

The price is down 60 yuan per mtu from April’s benchmark price, and is tiered pricing.

The price will be 830 yuan for supplying volumes at 5,000 tonnes and above, and 840 yuan for supplying volumes at 10,000 tonnes and above.

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