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Home / Metal News / [NPI Daily Review] Steel Mill Quotations Boost Market Activity, High-Grade NPI Prices Expected to See Strong Support

[NPI Daily Review] Steel Mill Quotations Boost Market Activity, High-Grade NPI Prices Expected to See Strong Support

iconAug 26, 2025 19:01
Source:SMM
[SMMDailyCommentary:SteelMillQuotationsBoostMarketActivity,High-GradeNPILikelytoSeeStrongPriceSupport]OnAugust26,SMM10-12%high-gradeNPIaveraged934.5yuan/mtu(ex-factory,taxincluded),anincreaseof5yuan/mtufromthepreviousworkingday.

SMM August 26 News,

    On August 26, the SMM 10-12% high-grade NPI average price was 934.5 yuan/mtu (ex-factory, tax included), up 5 yuan/mtu from the previous working day. The high-grade NPI market sentiment factor was 2.37, up 0.04 MoM. A mainstream steel mill in South China tendered a bottom price of 940 yuan/mtu, and after the tender price was announced, it boosted the bidding and inquiry sentiment, increasing market activity. Supply side, upstream cost lines remain high, with a clear reluctance to budge on prices. Demand side, current consumption is also below expectations, with the previous tender price delivery period set for September. 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.

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