Monthly Electrical Steel Market Report Dec 2017

Prices of non-grain oriented electrical steel in major markets of China were generally stable during this month, while those of grain oriented electrical steel went up further mainly supported by the low market inventory and increase in steel mills' list prices.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China were generally stable during this month, while those of grain oriented electrical steel went up further mainly supported by the low market inventory and increase in steel mills' list prices.Asian Metal Copyright Domestic steel mills such as Baosteel and WISCO all announced to keep their list prices of NGO electrical steel stable for January production, and increased those of GO electrical steel.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.Asian Metal Copyright However, as it was in the traditionally low season, demand from downstream customers did not become better and the market sales performance continued to be poor.Asian Metal Copyright However, as it was in the traditionally low season, demand from downstream customers did not become better and the market sales performance continued to be poor.Asian Metal Copyright Traders were not confident of the market outlook and refused to build large stockpiles.Asian Metal Copyright Traders were not confident of the market outlook and refused to build large stockpiles.Asian Metal Copyright Insiders do not expect the market to improve in the coming month.
.Asian Metal Copyright However, as it was in the traditionally low season, demand from downstream customers did not become better and the market sales performance continued to be poorAsian Metal Copyright