Monthly Electrical Steel Market Report Dec 2018

Prices of non-grain oriented electrical steel in major markets of China went down further during this month because of weak demand from downstream customers and decrease in steel mills' list prices, while those of grain oriented electrical steel kept the upward trend mainly supported by higher purchase costs and the low market inventory.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Ansteel and Shougang Steel all announced to decrease their list prices of NGO electrical steel for January production.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Ansteel and Shougang Steel all announced to decrease their list prices of NGO electrical steel for January production.Asian Metal Copyright .Asian Metal Copyright The market sales performance continued to be bad as customers with no urgent need for materials were still holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright .Asian Metal Copyright Having no confidence in the market outlook at the year end, traders were reluctant to build large stockpiles.Asian Metal Copyright The market sales performance continued to be bad as customers with no urgent need for materials were still holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Insiders think the market would continue to be quiet in the coming month.


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