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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.
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