SMM: High-Grade NPI Sentiment Up, Steel Mills' Procurement Boosts Transactions

Published: Apr 30, 2026 18:06

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[SMM Nickel News] April 30 — The SMM high-grade NPI Willingness to Sell Sentiment Factor was 3.09, up 0.02 MoM. The high-grade NPI upstream sentiment factor was 3.58, up 0.04 MoM. The high-grade NPI downstream sentiment factor was 2.6, flat MoM. Just-in-time procurement by steel mills drove up transaction volumes, with some steel mills making concentrated procurement of 11%-grade pig iron, driving a large number of high-priced transactions.

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