High-Grade NPI Market Sentiment Boosted by South China Steel Mill Tender, But Prices Face Negotiations

Published: Aug 25, 2025 20:24

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[High-Grade NPI Market] Today, a mainstream steel mill in South China tendered a bottom price of 940 yuan/mtu. After the tender price was announced, it boosted the sentiment for quotations and inquiries from both upstream and downstream. Supply side, upstream cost lines remain high, showing a clear reluctance to budge on prices. Demand side, current consumption is also underperforming expectations. Overall, mainstream steel mills are expected to support higher high-grade NPI quotes, while a large volume of transaction prices may await further negotiations.

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