Monthly Electrical Steel Market Report Jul 2019

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 the low market inventory and the increase in steel mills' list prices.Asian Metal Copyright Because of the higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Ansteel announced to raise their list prices of NGO electrical steel for August production.Asian Metal Copyright Insiders think the market would continue to be quiet in the coming month.Asian Metal Copyright However, as it was the traditionally low season, downstream customers were mostly purchasing materials for urgent need and the market sales performance did not become better.Asian Metal Copyright However, as it was the traditionally low season, downstream customers were mostly purchasing materials for urgent need and the market sales performance did not become better.Asian Metal Copyright Because of the higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright .Asian Metal Copyright Insiders think the market would continue to be quiet in the coming month.


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