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This week, the price of high-grade NPI continued to decline, while the spot price of finished stainless steel products rose slightly. The price of stainless steel scrap followed the rise in finished stainless steel products, increasing slightly. Currently, the shortage of stainless steel scrap in the market has not improved, and traders still hold a mindset of refusing to budge on prices and hoarding goods. However, with the continuous decline in the price of high-grade NPI, the economic disadvantage of stainless steel scrap has become increasingly apparent. In addition, amid expectations for production cuts in stainless steel, market demand for stainless steel scrap is expected to decline further. Overall, influenced by the recovery of the finished stainless steel market and the shortage of supply in the short term, the price of stainless steel scrap has risen. However, under the dual pressures of weakening demand and increasing economic disadvantages, the rise in the price of stainless steel scrap is expected to remain constrained.
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