Monthly Electrical Steel Market Report Sep 2018

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China saw a downward trend during this month on weak customer demand. Steel mills such as Baosteel and WISCO announced to raise their list prices of NGO electrical steel with middle and low grades by RMB116/t (USD17/t) for November production.Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China saw a downward trend during this month on weak customer demand.Asian Metal Copyright However, although September was the traditionally high season for steel industry, customers without urgent need for materials were still taking a cautious attitude and placing orders sparingly.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to raise their list prices of NGO electrical steel with middle and low grades by RMB116t USD17t for November production.Asian Metal Copyright Because of higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.
.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to raise their list prices of NGO electrical steel with middle and low grades by RMB116t USD17t for November productionAsian Metal Copyright