Monthly Electrical Steel Market Report Jul 2018

Prices of non-grain oriented electrical steel in major markets of China saw a downward trend during this month on weak customer demand, while those of grain oriented electrical steel went up further mainly supported by increase in steel mills' list prices and the low market inventory.Asian Metal Copyright Ansteel and Shougang Steel continued to reduce the production for July and the supply was insufficient.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to lift their list prices of NGO electrical steel for August production.Asian Metal Copyright Because of high purchase cost and weak customer demand, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright Ansteel and Shougang Steel continued to reduce the production for July and the supply was insufficient.Asian Metal Copyright Ansteel and Shougang Steel continued to reduce the production for July and the supply was insufficient.Asian Metal Copyright As it was the traditionally low season, customers without urgent need for materials were still holding a wait-and-see attitude and placing orders sparingly.Asian Metal Copyright Ansteel and Shougang Steel continued to reduce the production for July and the supply was insufficient.Asian Metal Copyright Because of high purchase cost and weak customer demand, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright Because of high purchase cost and weak customer demand, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright Insiders suppose the market will continue to be quiet in the coming week.
.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China saw a downward trend during this month on weak customer demand, while those of grain oriented electrical steel went up further mainly supported by increase in steel mills' list prices and the low market inventoryAsian Metal Copyright