Core Insights - In August 2025, China's nickel-iron imports reached 874,000 tons, an increase of 38,000 tons month-on-month, representing a growth of 4.6%. Year-on-year, imports rose by 352,000 tons, marking a significant increase of 67.4% [1] - The majority of the imports in August came from Indonesia, totaling 850,000 tons, which is a month-on-month increase of 36,000 tons (4.4%) and a year-on-year increase of 355,000 tons (71.5%) [1] - From January to August 2025, China's total nickel-iron imports amounted to 7.267 million tons, reflecting a year-on-year increase of 1.596 million tons, or 28.1%. Imports from Indonesia during this period were 7.086 million tons, up by 1.631 million tons (29.9%) [1] - Nickel-iron prices have been on the rise since the end of July, leading to a recovery in profits for Indonesian iron plants, which have maintained stable production levels. The import scale of nickel-iron in China saw a slight increase in August compared to July [1]