Monthly Electrical Steel Market Report Oct 2017

Prices of non-grain oriented electrical steel in major markets of China went down further during this month on weak customer demand, while those of grain oriented electrical steel were generally stable.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders were reluctant to order new materials with steel mills and the market inventory remained low.Asian Metal Copyright Domestic steel mills such as Baosteel and WISCO announced to keep their list prices stable for November production.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China went down further during this month on weak customer demand, while those of grain oriented electrical steel were generally stable.Asian Metal Copyright Expecting the price to drop further, customers without urgent need for materials were still holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Expecting the price to drop further, customers without urgent need for materials were still holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders were reluctant to order new materials with steel mills and the market inventory remained low.Asian Metal Copyright Insiders do not think the market will recover in the coming month.Asian Metal Copyright Insiders do not think the market will recover in the coming month.
.Asian Metal Copyright Domestic steel mills such as Baosteel and WISCO announced to keep their list prices stable for November productionAsian Metal Copyright