Monthly Electrical Steel Market Report Jun 2018

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China went up further during this month mainly supported by increase in steel mills' list prices and the low market inventory.Asian Metal Copyright In addition, many steel mills such as Ansteel, Shougang Steel and Shagang Steel reduced their production and the supply was not sufficient.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to raise their list prices of NGO electrical steel for July production.Asian Metal Copyright Nevertheless, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance did not become better.Asian Metal Copyright In addition, many steel mills such as Ansteel, Shougang Steel and Shagang Steel reduced their production and the supply was not sufficient.Asian Metal Copyright Nevertheless, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance did not become better.Asian Metal Copyright Nevertheless, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance did not become better.Asian Metal Copyright Insiders do not expect the price to increase further in the coming week.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright Insiders do not expect the price to increase further in the coming week.Asian Metal Copyright Insiders do not expect the price to increase further in the coming week.
.Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China went up further during this month mainly supported by increase in steel mills' list prices and the low market inventoryAsian Metal Copyright