Monthly Electrical Steel Market Report Oct 2018

Prices of non-grain oriented electrical steel in major markets of China witnessed a downward trend during this month on weak customer demand, while those of grain oriented electrical steel went up mainly supported by the high purchase cost and the low market inventory.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China witnessed a downward trend during this month on weak customer demand, while those of grain oriented electrical steel went up mainly supported by the high purchase cost and the low market inventory.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to cut their list prices of NGO electrical steel for November production.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China witnessed a downward trend during this month on weak customer demand, while those of grain oriented electrical steel went up mainly supported by the high purchase cost and the low market inventory.Asian Metal Copyright The market sales performance continued to be bad as customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Steel mills such as Baosteel and WISCO announced to cut their list prices of NGO electrical steel for November production.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles.Asian Metal Copyright Insiders think the market will keep quiet in the coming month.
.Asian Metal Copyright The market sales performance continued to be bad as customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place ordersAsian Metal Copyright