Monthly Electrical Steel Market Report May 2018

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China witnessed an upward trend during this month mainly supported by high purchase cost and the low market inventory.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to reduce their list prices of NGO electrical steel for June production again.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to reduce their list prices of NGO electrical steel for June production again.Asian Metal Copyright Traders refused to build large stockpiles to avoid risks.Asian Metal Copyright In addition, some steel mills did not resume the regular production and the supply was insufficient.Asian Metal Copyright Insiders think the market will continue to be quiet in the coming month.Asian Metal Copyright However, the market sales performance was still unsatisfying as demand from downstream customers remained weak amid the traditionally low season.Asian Metal Copyright However, the market sales performance was still unsatisfying as demand from downstream customers remained weak amid the traditionally low season.Asian Metal Copyright Traders refused to build large stockpiles to avoid risks.Asian Metal Copyright Insiders think the market will continue to be quiet in the coming month.Asian Metal Copyright Insiders think the market will continue to be quiet in the coming month.


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