SMM: High-Grade NPI Sentiment Up, Steel Mills' Procurement Boosts Transactions

Published: Apr 30, 2026 18:06

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[SMM Nickel News] April 30 — The SMM high-grade NPI Willingness to Sell Sentiment Factor was 3.09, up 0.02 MoM. The high-grade NPI upstream sentiment factor was 3.58, up 0.04 MoM. The high-grade NPI downstream sentiment factor was 2.6, flat MoM. Just-in-time procurement by steel mills drove up transaction volumes, with some steel mills making concentrated procurement of 11%-grade pig iron, driving a large number of high-priced transactions.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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