Monthly Electrical Steel Market Report May 2020

Prices of non-grain oriented electrical steel in major markets of China rebounded during this month mainly supported by the low market inventory and the price increase of other steel products especially CRC, while those of grain oriented electrical steel kept the downward trend on weak demand.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China rebounded during this month mainly supported by the low market inventory and the price increase of other steel products especially CRC, while those of grain oriented electrical steel kept the downward trend on weak demand.Asian Metal Copyright Mainstream steel mills such as Baosteel, WISCO and Ansteel all reduced the production of NGO electrical steel produced in May due to the decreased orders from customers.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright The market sales performance continued to be unsatisfying as customers were still purchasing materials for urgent need.Asian Metal Copyright .Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.


.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpilesAsian Metal Copyright