SHANGHAI, May 9 (SMM) – China’s NPI output is expected to keep falling in May following production cuts at domestic NPI producers, Shanghai Metals Market predicts.
China’s NPI output dropped in April as big losses from high costs led to production cuts or suspension at domestic high-grade NPI producers, especially those in Inner Mongolia and Shandong. Production conditions at domestic low-grade NPI producers were mixed.
Production cuts or suspension at some high-grade NPI producers are continuing as losses remain. Weak demand have triggered production reduction at both some low-grade NPI and stainless steel integrated mills and low-grade NPI plants.
Hence, SMM expects China’s low-grade NPI output to fall by about 6 per cent in May on a monthly basis.
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