SMM High-Grade NPI Market: Sluggish Trading, Prices Await Clear Direction

Published: Nov 7, 2025 13:59

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[SMM High-Grade NPI Market] Supply side, under the declining market, smelters have stopped offering spot orders, while some traders continued to sell at low prices due to repayment needs. Demand side, some downstream buyers made small purchases of low-priced supplies, but overall trading volume remained low. Mainstream steel mills released the tender price for stainless steel scrap today, which maintained an economic advantage compared to high-grade NPI. Overall, the market maintained just-in-time procurement, and high-grade NPI prices urgently await clear guidance.

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