Steel Mills Pause Procurement Amid Sluggish Market, High-Grade NPI Smelters Resist Low Prices

Published: Sep 8, 2026 15:41

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[SMM Nickel Flash] September 8 news: Steel mills are facing losses amid a sluggish stainless steel market, and downstream purchasing intentions continue to be pushed lower. Many steel mills, holding ample inventory, have opted to pause procurement and wait on the sidelines. High-grade NPI smelters are resisting low prices, with some enterprises temporarily holding back shipments and unwilling to sell large volumes at low levels. There is a clear gap between the psychological price levels of upstream and downstream players.

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