Monthly Electrical Steel Market Report Sep 2020

Prices of non-grain oriented electrical steel in major markets of China kept the upward trend during this month mainly supported by the increase in steel mills' list prices and low market inventory, while those of grain oriented electrical steel were generally stable.Asian Metal Copyright However, because of the continuous price increase, customers without urgent need for materials were mostly taking a cautious attitude and refusing to place orders.Asian Metal Copyright Mainstream steel mills such as Baosteel, WISCO and Ansteel all announced to lift their list prices of NGO electrical steel produced in October due to high raw material costs and the upward price trend in the spot market.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright However, because of the continuous price increase, customers without urgent need for materials were mostly taking a cautious attitude and refusing to place orders.Asian Metal Copyright Mainstream steel mills such as Baosteel, WISCO and Ansteel all announced to lift their list prices of NGO electrical steel produced in October due to high raw material costs and the upward price trend in the spot market.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