Electrical Steel Market Report May 2014

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.Asian Metal Copyright 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.Asian Metal Copyright 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.