Reportedly, the nickel pig iron producers in Inner Mongolia receive the electricity subsidies from the government during June through August, bring saving of input costs of RMB180~RMB300/ton.
In fact, the enterprises in Inner Mongolia have enjoyed the lowest energy costs in China.
However, the higher transport costs to ports have offset the low electricity costs, causing the nickel pig iron makers reduce production.
Therefore, the electricity subsidies for nickel pig iron producers are expected to stabilize the local industry and support the local economy.