What’s Raw Material Choice at China Stainless Steel Mills after NPI Shortages and Price Rise? SMM Reports

Published: Aug 22, 2017 09:57

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What’s Raw Material Choice at China Stainless Steel Mills after NPI Shortages and Price Rise?

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?

Does Production Resumption Go Smoothly at China High-grade NPI Producers after Rapid Price Gains? SMM Reports

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.

Environmental Crackdowns on Electroplating Plants Depress Nickel Sales

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npi price npi output china npi output nickel price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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