Tag: China: NPI smelters turn profitable after 4 months of losses

Rally in NPI tags outpaces rise in ore costs Indonesian smelters’ profits also up w-o-w Mysteel: Over the past month, China’s prices of high-grade nickel pig iron (NPI) increased no fewer than nine times, pushed higher by firm support from the nickel ore market and strong demand from stainless steelmakers. These sustained gains finally returned…