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Discounts of High-Grade NPI against Stainless Steel Scrap Expanded and to Stabilise
Aug 30, 2021 14:41CST
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

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