SHANGHAI, Aug. 22 (SMM) – China’s NPI supply is tightening following high production enthusiasm at domestic stainless steel mills in recent two months, Shanghai Metals Market survey finds.
NPI price in China’s domestic market has been advancing along with rising nickel price and supply shortages.
What’s raw material choice at domestic stainless steel mills against such background?
SMM survey finds that many domestic stainless steel mills have considered or already changed their raw material purchasing strategies.
First, those mills have increased purchases of stainless steel scrap.
Second, those mills have grown usages of refined nickel+low-grade NPI or refined nickel+pig iron.
Third, those mills are actively looking for more suppliers, to secure amply raw material supplies.
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