Electrical Steel Market Report January 2015

Market prices for non-grain oriented electrical steel demonstrated a downward trend this month, impacted by lower ex-works prices from major domestic electrical steel producers and weak downstream demand. However, market prices for grain oriented electrical steel remained firm, supported by shrinking inventories and traders’ satisfying sales performance.Asian Metal CopyrightMarket prices for non-grain oriented electrical steel demonstrated a downward trend this month, impacted by lower ex-works prices from major domestic electrical steel producers and weak downstream demand.Asian Metal Copyright The actual number of transaction days in February will be fewer than in January due to the forthcoming Spring Festival and most electrical steel traders have no plans to adjust their quotations before the Chinese Lunar New Year.Asian Metal Copyright The actual number of transaction days in February will be fewer than in January due to the forthcoming Spring Festival and most electrical steel traders have no plans to adjust their quotations before the Chinese Lunar New Year.Asian Metal Copyright Therefore, insiders foresee a stable electrical steel price in the Chinese market next month.