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Home / Metal News / [NPI Daily Review] Mainstream Steel Mills' NPI Tender Price Released Further Negotiations Underway Guided by Quotations

[NPI Daily Review] Mainstream Steel Mills' NPI Tender Price Released Further Negotiations Underway Guided by Quotations

iconAug 25, 2025 20:19
Source:SMM
[SMMDailyCommentary:MainstreamSteelMillsHaveReleasedTheirNPI TenderPricesFurtherNegotiationsGuidedByQuotations]OnAugust25,SMMreportedthattheaveragepriceofhigh-gradeNPI(10-12%)was929.5yuan/mtu(ex-factory,taxincluded),anincreaseof0.5yuan/mtufromthepreviousworkingday.

SMM August 25 News,

    On August 25, the SMM 10-12% high-grade NPI average price was 929.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day. The high-grade NPI market sentiment factor was 2.33, up 0.03 MoM. Today, a mainstream steel mill in South China tendered a bottom price of 940 yuan/mtu, and after the tender price was announced, it lifted the bidding and inquiry sentiment of both upstream and downstream. Supply side, upstream cost lines remain high, with a clear reluctance to budge on prices. On the consumption side, current demand is also underperforming expectations. Overall, mainstream steel mills are expected to support higher high-grade NPI quotes, while a large number of transaction prices may await further negotiations.

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

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

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