Shougang Steel keeps NGO electrical steel prices stable for January production

BEIJING (Asian Metal) 28 Dec 17 - Beijing-based Shougang Steel announced to keep its list prices of NGO electrical steel unchanged for January production last week.Asian Metal Copyright "We are under normal production now," he said, adding that they don't have stocks and customers need to place orders beforehand with the lead time of around one month.Asian Metal Copyright The price of 50SW800 0.5mm*1,200mm*C is about RMB5,850/t (USD893/t) VAT included.

"Following other producers such Baosteel, WISCO and Ansteel, we also announced to keep NGO electrical steel prices stable," said a source from the company. According to him, NGO electrical steel prices in major markets of China are generally stable at the moment after the continuous decrease in previous months.Asian Metal Copyright "Following other producers such Baosteel, WISCO and Ansteel, we also announced to keep NGO electrical steel prices stable," said a source from the company.Asian Metal Copyright The current mainstream market price of 50SW800 0.Asian Metal Copyright5mm 0.Asian Metal Copyright5mm 0.5mm*1,200mm*C from Shougang Steel is around RMB5,900/t (USD900/t) VAT included in Shanghai, stable this month.

There are four production lines of non-grain oriented electrical steel in Shougang Steel which can produce grades of 1,300-250 with a regular monthly output of about 80,000t. "We are under normal production now," he said, adding that they don't have stocks and customers need to place orders beforehand with the lead time of around one month.

Located in Beijing, Shougang Steel is a major producer of non-grain oriented electrical steel in China with an annual production of around one million tonnes.

.Asian Metal Copyright According to him, NGO electrical steel prices in major markets of China are generally stable at the moment after the continuous decrease in previous months.Asian Metal Copyright