Monthly Electrical Steel Market Report Nov 2018

Prices of non-grain oriented electrical steel in major markets of China kept the downward trend during this month due to lower raw material costs and weak demand from downstream industries, while those of grain oriented electrical steel increased further mainly supported by the high purchase cost and low market inventory.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Ansteel and Shougang Steel all announced to reduce their list prices of NGO electrical steel for December production.Asian Metal Copyright Traders were pessimistic about the market outlook and refused to build large stockpiles.Asian Metal Copyright Customers without urgent need for materials were mostly taking a cautious attitude and placing orders sparingly.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.Asian Metal Copyright Traders were pessimistic about the market outlook and refused to build large stockpiles.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Ansteel and Shougang Steel all announced to reduce their list prices of NGO electrical steel for December production.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.


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