SHANGHAI, Apr 24 (SMM) – A major steel mill in the east lowered its purchasing prices of high-grade ferronickel by 40 yuan/mt on the week, to 980 yuan/mtu with taxes and transportation fees included, on Wednesday April 24.
SMM learned that a stainless steel producer in the south continued to suspend its procurement of high-grade ferronickel this week.
As of Wednesday April 24, domestic prices of spot high-grade ferronickel with 8-12% Ni stood at 970-985 yuan/mtu, down an average 32.5 yuan/mtu from a week earlier, SMM assessed.
