Chinese stainless mills cut nickel pig iron bids for Nov.

Nov 05, 2012 | 12:27 PM |

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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