SMM

Indonesian NPI output stood at 110,700 mt in April, up 13.36% month-on-month and up 17.7% year-on-year. Output from January to April totalled 415,300 mt in Ni content, up 19.3% year-on-year. In April, the problem of power equipment construction in some factories in Indonesia was resolved, and the domestic and overseas demand for stainless steel has recovered. These, combined with a shortage of stainless steel scrap, boosted the demand for NPI. Therefore, the NPI plants were incentivised to step up production.