Tag: stainless steel cost support

Indonesian ore tightness underpins NPI Ferrochrome stability lifts stainless cost floor China’s stainless steel raw material market continues to see strong cost-side support, led by elevated nickel pig iron (NPI) and stable-to-firm ferrochrome prices. Although stainless steel wire and spot prices have corrected after a short-term surge, high raw material prices are anchoring the lower…