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Home / Metal News / [NPI Daily Review] Tender Prices from Mainstream Steel Mills Released, High-Grade NPI Prices Fall in Response
[NPI Daily Review] Tender Prices from Mainstream Steel Mills Released, High-Grade NPI Prices Fall in Response
Nov 21, 2025 11:57[SMM Daily Review: Tender Prices from Mainstream Steel Mills Released, High-Grade NPI Prices Fall in Response] November 21 (SMM) - The average price of 10-12% high-grade NPI was 890.5 yuan/mtu (ex-factory, tax included), down 4 yuan/mtu MoM from the previous working day.
SMM November 21 News,
On November 21, the SMM average price of 10-12% high-grade NPI was 890.5 yuan/mtu (ex-factory, tax included), down 4 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 1.85, down 0.01 MoM. Supply side, as high-grade NPI prices continued to break downward, upstream iron plants struggled to offer quotes, but current production schedules remained stable. Demand side, a mainstream steel mill set a tender price of 880 yuan/mtu and concluded deals for several 10kt, with some downstream stainless steel mills actively inquiring. However, the contradiction between upstream and downstream has become prominent, making it difficult to see more transactions. Overall, market purchasing activity increased to some extent, but the oversupply pattern remained unchanged, and high-grade NPI prices still faced pressure.
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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