Chinese steel mills raise nickel pig iron prices
Major Chinese steel mills, including Baosteel Stainless and Zhangjiagang Pohang Stainless Steel, have lifted the prices they are willing to pay for nickel pig iron for April delivery.
Baosteel has set the bid price for next month’s delivery at 1,035 yuan ($168) per nickel unit for high grade NPI (Ni 10-15%), sources in China told Metal Bulletin. The price is 45 yuan higher than the mill’s March price, including delivery.
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