Monthly Electrical Steel Market Report Jan 2019

Prices of non-grain oriented electrical steel in major markets of China saw an upward trend during this month mainly supported by the low market inventory and high purchase cost, while those of grain oriented electrical steel were generally stable.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China saw an upward trend during this month mainly supported by the low market inventory and high purchase cost, while those of grain oriented electrical steel were generally stable.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Ansteel all announced to keep their list prices of NGO electrical steel stable for February production.Asian Metal Copyright Insiders predict prices of both non-grain oriented electrical steel and grain oriented electrical steel would go up in February on low market inventory and high purchase cost.Asian Metal Copyright With the arrival of the Spring Festival, customers had left the market for holiday in succession and there was little demand.Asian Metal Copyright Traders were not confident of the market outlook after the holiday and refused to build large stockpiles.Asian Metal Copyright Traders were not confident of the market outlook after the holiday and refused to build large stockpiles.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Ansteel all announced to keep their list prices of NGO electrical steel stable for February production.Asian Metal Copyright Insiders predict prices of both non-grain oriented electrical steel and grain oriented electrical steel would go up in February on low market inventory and high purchase cost.
.Asian Metal Copyright Traders were not confident of the market outlook after the holiday and refused to build large stockpilesAsian Metal Copyright