[NPI Daily Review] Back-and-Forth Negotiations Between Upstream and Downstream for High-Grade NPI, Prices Held Steady While Grade Premiums Remained High

Published: Mar 31, 2026 11:51

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[SMM Daily Review: Back-and-Forth Negotiations Between Upstream and Downstream in High-Grade NPI, Prices Held Flat While Grade Premiums Remained High] March 31 News: SMM's upstream sentiment factor for high-grade NPI was 2.78, down 0.05 MoM, while the downstream sentiment factor for high-grade NPI was 1.54, flat MoM.

SMM News on March 31,

March 31 News, SMM's market sentiment factor for high-grade NPI was 2.16, down 0.02 MoM; the upstream sentiment factor for high-grade NPI was 2.78, down 0.05 MoM; and the downstream sentiment factor for high-grade NPI was 1.54, unchanged MoM. Supply side, cost support was evident, and most pig iron plants kept quotations at high levels, but under pressure from steel scrap and end-users, some traders' quotations came under pressure. Demand side, high-content NPI remained in short supply, with a clear premium between grades. Overall, amid back-and-forth negotiations between upstream and downstream, high-grade NPI prices held flat.

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