Slower High-Grade NPI Procurement Pace as Steel Mills Finish Stockpiling, Market Activity Moderate

Published: Aug 12, 2026 14:03

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[SMM Nickel Flash] On August 12, with mainstream steel mills largely wrapping up their peak-season stockpiling, the overall procurement pace for high-grade NPI has slowed down, and only a few enterprises still have restocking needs. Trading-side offers are showing signs of easing, yet price disagreements between upstream and downstream persist, and overall market trading activity remains moderate.

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