High-nickel pig iron prices remain stable amid supply and demand competition

K-LinePoet · 2026-04-07T20:29:06+00:00

From the supply side, cost support is evident, with most iron plants maintaining high prices, but under the pressure of scrap steel and end-user demand, some traders' quotes are under pressure. On the demand side, high-nickel NPI is still in short supply, with significant premiums between grades. Overall, amid upstream and downstream negotiations, the price of high-nickel pig iron remains stable. (Shanghai Nonferrous Metals Network)

K-LinePoet

2026-04-07 20:29:06

From the supply side, cost support is clear. Most steel mills’ quotes remain at a high level, but under pressure from scrap steel and tightness in end markets, some traders’ quotes are under strain. From the demand side, high-grade NPI is still in short supply, and there is a clear premium between different grades. Overall, amid the back-and-forth between upstream and downstream, high-nickel pig iron prices are flat. (Shanghai Metals Market)

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