[SMM Stainless Steel Flash] Canada Nickel & RWEST Partner for Low-Carbon Stainless and Alloy Steel Products

[High-Grade NPI Tender Information] SMM reported on July 9 that, according to SMM, after a four-month hiatus, a certain mainstream steel mill set a tender floor price of 1,120 yuan/nickel unit for high-grade NPI today, with nickel content above 11%, an expected transaction volume of tens of thousands of mt, and delivery in August.

The EU's new steel quota system has plunged European ports and customs offices into crisis since taking effect July 1. All new quotas were blocked for 14 days without explanation, EU customs authorities cannot determine real-time quota availability, and the system's status data for July 7 is entirely missing. At least 25 quota categories are set to overflow, with some already overbooked fourfold. All shipments currently in clearance are subject to guarantees equivalent to the potential 50% duty, creating acute liquidity pressure for SMEs, while physical inspections are adding waiting times of up to three weeks for goods already at quayside. Critics place the blame squarely on the Commission for publishing quota details just one day before entry into force, failing to prepare customs infrastructure, and neglecting daily quota updates. Separately, Article 4(2) of the quota regulation — which overrides Union Customs Code origin rules without an apparent legal mandate — is seen as contradicting Article 4(1) and potentially vulnerable to legal challenge.