Monthly Electrical Steel Market Report Jan 2018

Prices of non-grain oriented electrical steel in major markets of China saw a downward trend during this month mainly because of weak customer demand, while those of grain oriented electrical steel went up further supported by the low market inventory and increase in steel mills' list prices.Asian Metal Copyright As it was the traditionally low season, customers without urgent need for materials were still taking a cautious attitude and refusing to place orders.Asian Metal Copyright Most domestic steel mills such as Ansteel and WISCO announced to keep their list prices of NGO electrical steel stable for February production, and raised those of GO electrical steel.Asian Metal Copyright .Asian Metal Copyright As it was the traditionally low season, customers without urgent need for materials were still taking a cautious attitude and refusing to place orders.Asian Metal Copyright Most domestic steel mills such as Ansteel and WISCO announced to keep their list prices of NGO electrical steel stable for February production, and raised those of GO electrical steel.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright With the arrival of Chinese New Year holiday, insiders think the market will continue to be quiet in February.Asian Metal Copyright With the arrival of Chinese New Year holiday, insiders think the market will continue to be quiet in February.


.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept lowAsian Metal Copyright