Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Battery Separator Electrolyte Other Materials Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Discounts of High-Grade NPI against Stainless Steel Scrap Expanded and to Stabilise

Discounts of High-Grade NPI against Stainless Steel Scrap Expanded and to Stabilise

Aug 30, 2021 14:41

Source:SMM

Discounts of high-grade NPI against stainless steel scrap expanded last week and averaged 105 yuan/mtu, 30 yuan/mtu wider than the previous week.

SHANGHAI, Aug 30 (SMM) – Discounts of high-grade NPI against stainless steel scrap expanded last week and averaged 105 yuan/mtu, 30 yuan/mtu wider than the previous week.

Prices of stainless steel scrap and high-grade NPI rose on stockpiling by stainless steel mills. But prices of high-grade NPI rose less significantly.

The discount will see little change in view of limited price gains across raw materials.

high-grade NPI

stainless steel

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

At present, there are 24 iron and steel joint enterprises in Shanxi, China. In 2021, the pig iron output was 59.884 million mt, a year-on-year decrease of 1.6%; Crude steel output was 67.407 million mt, up 1.6% year-on-year; The output of steel products was 61.739 million mt, which was basically the same as that of the previous year.

Mar 25, 2022 17:09

Industry

Shanxi Iron and Steel Enterprise Transformation and Upgrading Plan in 2022

SMM Focus: Analysis of the Production Dynamics of a Steel Mill in East China Affected by the Pandemic

Under the influence of the increasingly severe pandemic, the epidemic prevention policy in domestic ports was strict, while the unloading capacity of terminals was restricted and the efficiency of cargo handling was reduced.

Mar 17, 2022 16:30

SMM Insight

SMM Focus: Analysis of the Production Dynamics of a Steel Mill in East China Affected by the Pandemic

Stainless Steel Spot Prices Dipped amid Mixed Production Expansion and Cuts

Today, the spot prices of all series of stainless steel products in Foshan stood flat today. The average price of the 300 series product was around 18,000 yuan/mt. The market received a large number of goods last week, while the demand failed to keep up. The downstream users continued to purchase on rigid demand after the prices rebounded slightly yesterday.

Mar 2, 2022 15:29

Analysis

Stainless Steel Spot Prices Dipped amid Mixed Production Expansion and Cuts

Spot Supply of Stainless Steel was Tight due to Delayed Shipments

The spot supply was relatively tight in the stainless steel market.

Jan 5, 2022 10:17

SMM Insight

Spot Supply of Stainless Steel was Tight due to Delayed Shipments

Stainless Steel Mills Jointly Cut the Output to Maintain Order of 200-Series Market

On 13 December, Baosteel Desheng took the lead in issuing the Initiative on Jointly Maintaining the Order of the 200-Series Market and Regulating Market Behaviour and committed to cut the output of 200-series products from the perspective of balancing market demand and supply, by maintaining only one blast furnace in production by March 2022 in an effort to scale back the overall supply by more than 60%.

Dec 16, 2021 10:28

Industry

Stainless Steel Mills Jointly Cut the Output to Maintain Order of 200-Series Market

Stainless Steel Spot Prices Dropped Further and Are Likely to Keep Falling amid Sluggish Trade

The prices of 300-series cold-rolled stainless steel fell significantly again in Foshan today. A steel mill in south China lowered the prices sharply.

Dec 1, 2021 16:15

Analysis

Stainless Steel Spot Prices Dropped Further and Are Likely to Keep Falling amid Sluggish Trade

China’s Stainless Steel Output Dropped to a New Low within the Year in Sep

According to SMM survey, the domestic stainless steel output totalled 2.22 million mt in September, a drop of 590,000 mt or 20.97% month on month, and down 19.75% year on year.

Oct 12, 2021 15:38

Analysis

China’s Stainless Steel Output Dropped to a New Low within the Year in Sep

Environmental probes extend impact on Inner Mongolia NPI production

High-grade nickel iron pig (NPI) production in Inner Mongolia remains under pressure from intensive environmental protection initiatives across the region since regular production resumed in March

Jun 1, 2018 15:30

Analysis

Environmental probes extend impact on Inner Mongolia NPI production

Nickel prices receive brief support from tight supply in May

Nickel prices received support as capital inflows surged on short supplies in the market as of Tuesday May 15 but SMM does not expect the uptick in prices to be sustained

May 15, 2018 11:50

SMM Comments

Nickel prices receive brief support from tight supply in May

ISSDA asks government to monitor stainless steel imports from Asean countries.

The association also accused that some of the domestic firms in the country are breaking the rules of origin in order to claim undue preferential tariff benefits.

Jan 20, 2015 10:20

Industry

SMM Events & Webinars

All

May
15
- 2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
  May 15 - 25,2025
  Argentina & Brazil
May
20
- 2025 SMM ASIA METALS SEMINAR
  May 20 - 20,2025
  Global Metals Market in Flux Geopolitics, Policies, Fundamentals
  Novotel Century, Hong Kong, China
May
22
- 2025 SMM 3rd Wire & Cable Conference & Expo
  May 22 - 23,2025
  Suzhou, Jiangsu, China

Discounts of High-Grade NPI against Stainless Steel Scrap Expanded and to Stabilise

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo