Chinese stainless mills cut nickel pig iron bids for Nov.
Nov 05, 2012 | 12:27 PM
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Tags
stainless mills,
nickel pig iron,
London Metal Exchange,
nickel,
Zhangjiagang Pohang Stainless Steel,
Tsingshan Steel
SHANGHAI — Stainless steel mills in China have cut their bids for November nickel pig iron (NPI) after nickel prices fell on the London Metal Exchange.
Medium-sized stainless steel producers, including Tsingshan Steel Group and Zhangjiagang Pohang Stainless Steel Co. Ltd., put the latest bid price for benchmark high-grade nickel pig iron (with a nickel content of 10 to 15 percent)....
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