Monthly Electrical Steel Market Report Dec 2017
2018-01-05 15:03:18 【Print】
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Prices of non-grain oriented electrical steel in major markets of China were generally stable during this month, while those of grain oriented electrical steel went up further mainly supported by the low market inventory and increase in steel mills' list prices
. Domestic steel mills such as Baosteel and WISCO all announced to keep their list prices of NGO electrical steel stable for January production, and increased those of GO electrical steel . However, as it was in the traditionally low season, demand from downstream customers did not become better and the market sales performance continued to be poor . Traders were not confident of the market outlook and refused to build large stockpiles . Insiders do not expect the market to improve in the coming month.