Monthly Electrical Steel Market Report Nov 2017

Prices of non-grain oriented electrical steel in major markets of China moved down further during this month on weak customer demand and decrease in steel mills' list prices, while those of grain oriented electrical steel saw an upward trend mainly supported by the low market inventory and increase in steel mills' list prices.Asian Metal Copyright Having no confidence in the market outlook, traders refused to build large stockpiles.Asian Metal Copyright Domestic steel mills such as Baosteel and WISCO announced to reduce their list prices of NGO electrical steel for December production, while raised those of GO electrical steel.Asian Metal Copyright Insiders suppose the market will continue to be quiet in the coming month.Asian Metal Copyright Because of the environmental protection inspection, some downstream customers could not keep the regular production and their demand was hard to be released in the near future.Asian Metal Copyright Domestic steel mills such as Baosteel and WISCO announced to reduce their list prices of NGO electrical steel for December production, while raised those of GO electrical steel.Asian Metal Copyright Having no confidence in the market outlook, traders refused to build large stockpiles.Asian Metal Copyright Because of the environmental protection inspection, some downstream customers could not keep the regular production and their demand was hard to be released in the near future.Asian Metal Copyright Insiders suppose the market will continue to be quiet in the coming month.
.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China moved down further during this month on weak customer demand and decrease in steel mills' list prices, while those of grain oriented electrical steel saw an upward trend mainly supported by the low market inventory and increase in steel mills' list pricesAsian Metal Copyright