Electrical Steel Market Report May 2014
2014-06-04 17:08:01 【Print】
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The leading Chinese electrical steel producers including Baosteel and WISCO all lowered ex-works prices for non-grain oriented electrical steel this month. Moreover, the demand from related industries remained soft, so market prices for non-grain oriented electrical steel showed a downward trend this month, while those of grain oriented electrical steel stayed unchanged, supported by the firm purchasing cost
. Even though downstream demand is unlikely to release quickly, insiders believe that electrical steel prices will be unchanged next month in view of stabilizing raw material prices.