Electrical Steel Market Report July 2014

Prices for non-grain oriented electrical steel displayed a downward trend this month, affected by the sluggish market performance, while those for grain oriented electrical steel were unchanged with support from low market inventories. Traders disclosed that their profit margin for electrical steel had shrunk significantly, while leading producers’ ex-works prices for August production were generally unchanged.Asian Metal Copyright Traders disclosed that their profit margin for electrical steel had shrunk significantly, while leading producers’ ex-works prices for August production were generally unchanged.Asian Metal Copyright Under such conditions, insiders believe electrical steel prices will be stable as a whole next month.