Group 1 - In June 2025, China's nickel pig iron production was 23,300 tons, with a month-on-month decrease of 2.87% and a year-on-year decrease of 7.35% [2] - The production of medium and high nickel pig iron was 16,700 tons, down 4.17% month-on-month and down 13.51% year-on-year, while low nickel pig iron production increased by 0.53% month-on-month to 6,700 tons, up 12.68% year-on-year [2] - From January to June 2025, China's total nickel pig iron production was 138,000 tons, a year-on-year decrease of 5.06%, with medium and high nickel pig iron accounting for 100,900 tons, down 9.04% year-on-year [2] Group 2 - In June 2025, the combined nickel pig iron production from China and Indonesia was 174,700 tons, reflecting a month-on-month decrease of 3.85% but a year-on-year increase of 22.21% [5] - The medium and high nickel pig iron production from both countries was 168,100 tons, down 4.01% month-on-month but up 22.62% year-on-year [5] - From January to June 2025, the total nickel pig iron production from China and Indonesia reached 1,040,700 tons, a year-on-year increase of 19.31%, with medium and high nickel pig iron production at 1,003,600 tons, up 20.27% year-on-year [5] Group 3 - As of June 30, 2025, Indonesia's nickel pig iron production was 151,400 tons, down 3.99% month-on-month but up 28.52% year-on-year [6] - From January to June 2025, Indonesia's total nickel pig iron production was 902,700 tons, a year-on-year increase of 24.77% [6] Group 4 - In Indonesia, the phenomenon of cost inversion among mainstream smelting plants has become common, with some production lines halting operations due to high cost pressures [8] - The production enthusiasm among smelting plants is low due to declining finished product prices, and some production lines may consider maintenance due to weak demand from downstream stainless steel [8] - It is expected that Indonesia's nickel pig iron production may further weaken in July due to ongoing high costs and reduced production capacity [8]