[NPI Daily Review] Actual Market Transactions Were Hard to Find, and High-Grade NPI Prices Were Under Pressure

Published: Mar 30, 2026 11:58

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[SMM Daily Review: Actual Market Transactions Remained Scarce, High-Grade NPI Prices Were Under Pressure] March 30 News: SMM's upstream sentiment factor for high-grade NPI was 2.83, down 0.01 MoM, while the downstream sentiment factor for high-grade NPI was 1.54, down 0.02 MoM.

SMM News, March 30:

March 30 News: SMM's market sentiment factor for high-grade NPI was 2.18, down 0.02 MoM; the upstream sentiment factor for high-grade NPI was 2.83, down 0.01 MoM; and the downstream sentiment factor for high-grade NPI was 1.54, down 0.02 MoM. Supply side, the economic substitution effect of steel scrap persisted, and upstream suppliers' quotations were under pressure. Demand side, most steel mills had weak procurement sentiment, and intended purchase prices remained under pressure. Overall, actual market transactions were hard to find, and resistance to high-grade NPI prices was evident.

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