Electrical Steel Market Report January 2016
2016-02-05 09:57:30 【Print】
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Non-grain oriented electrical steel prices maintained an upward trend in major domestic cities during the month, supported by higher raw material prices and the tight supply
. However, grain oriented electrical steel prices failed to go up accordingly with downstream demand remaining insufficient . The price of CRC, the raw material, began to stabilize at the end of this month and most domestic traders were dissatisfied with their sales performance after the price increase . Therefore, insiders believe Chinese non-grain oriented electrical steel prices will stop increasing and electrical steel prices as a whole will be stable next month.