Under supply and demand support, the price of high-nickel pig iron has upward momentum.

From the supply side, as strong cost support is brought by rising mine prices, upstream intended prices remain firm. From the demand side, with market activity gradually picking up, steel mills’ intended prices have also been raised to some extent. Overall, market trading activity is gradually recovering, and there is support for high-nickel pig iron prices. (Shanghai Nonferrous Metals Network)

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