Monthly Electrical Steel Market Report May 2019

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.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders refused to build large stockpiles and the market inventory was low.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to reduce their list prices of NGO electrical steel for June production.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to reduce their list prices of NGO electrical steel for June production.Asian Metal Copyright 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.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders refused to build large stockpiles and the market inventory was low.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders refused to build large stockpiles and the market inventory was low.Asian Metal Copyright 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.Asian Metal Copyright With the arrival of the traditionally low season, insiders do not think the market would improve in the coming month.
.Asian Metal CopyrightPrices 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 demandAsian Metal Copyright