Monthly Electrical Steel Market Report Nov 2019
2019-12-10 09:25:52 【Print】
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Prices of non-grain oriented electrical steel in major markets of China went down further early this month on weak customer demand and the decrease in steel mills' list prices, but rebounded a little bit late this month mainly supported the low market inventory and the price increase of other steel products such as HRC and CRC
. Those of grain oriented electrical steel kept the downward trend during this month on weak demand from downstream industries . Major steel mills such as Baosteel, WISCO and Ansteel announced to reduce their list prices of NGO electrical steel produced in December . Customers were mostly purchasing materials for urgent need and placing orders sparingly . Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles.