The cost efficiency of stainless steel scrap was restored amid rapid price fall, even as high-grade NPI price also dropped

nov. 21, 2023, at 9:16 am
SMM

Currently, the cost of producing stainless steel from stainless steel scrap is around 13,772.37 yuan/mt, while producing it from high-grade NPI costs about 14,172.71 yuan/mt.

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The cost efficiency of stainless steel scrap was restored amid rapid price fall, even as high-grade NPI price also dropped

Rebar inventory fell at a slower pace last week and may grow this week

Global iron ore supply will definitely hike in 2024, but it may be less than expected