Tag: smelter profit margins squeezed

Indonesia, China NPI output exceeds stainless steel demand Chinese NPI imports decline by nearly 20% m-o-m in Jul’25 SteelDaily: The Asian nickel pig iron (NPI) market continues to grapple with oversupply, as increased production in Indonesia and China outweighs demand from stainless steel producers. Despite expectations of stable NPI prices in the near term, smelters…