Monthly Electrical Steel Market Report May 2019
2019-06-06 08:59:30 【Print】
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Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China kept the downward trend during this month on weak customer demand
. Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to reduce their list prices of NGO electrical steel for June production . Besides, seeing the continuous price decrease these days, customers without urgent need for materials were expecting the price to go down further and placing orders sparingly . Because of the high purchase cost and weak customer demand, traders refused to build large stockpiles and the market inventory was low . With the arrival of the traditionally low season, insiders do not think the market would improve in the coming month.