Chinese steel mills start monthly NPI purchase

Chinese stainless steel mills started purchasing nickel pig iron for September delivery this week, with their prices at nearly the same level as the previous month, market participants said.

Taigang Stainless Steel, the country’s largest stainless steel producer, has set its September price for high-grade NPI at 1,275 yuan ($207) per nickel unit, down 5 yuan from the previous...

Published

Rena Gu

August 27, 2014

05:49 GMT

Shanghai