Monthly Electrical Steel Market Report Jan 2021

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China kept the upward trend during this month mainly supported by the tight supply from steel mills and the increase in steel mills' EXW prices.Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China kept the upward trend during this month mainly supported by the tight supply from steel mills and the increase in steel mills' EXW prices.Asian Metal Copyright As steel mills were mostly supplying downstream customers, there were not many materials in the spot market. Besides, steel mills such as Baosteel, WISCO and Ansteel all announced to raise their EXW prices of NGO electrical steel produced in February by more than RMB1,000/t (USD155/t).Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China kept the upward trend during this month mainly supported by the tight supply from steel mills and the increase in steel mills' EXW prices.Asian Metal Copyright Nevertheless, seeing the continuous price increase, customers were just purchasing upon orders and the market sales performance remained unsatisfying.
.Asian Metal Copyright As steel mills were mostly supplying downstream customers, there were not many materials in the spot marketAsian Metal Copyright