Ansteel to decrease NGO electrical steel production

BEIJING (Asian Metal) 22 Apr 24 - Anshan Iron and Steel Co.Asian Metal Copyright .Asian Metal Copyright (Ansteel), one of the major non-grain oriented electrical steel producers in Northeast China, would cut the production to about 83,000t next month.

"We would reduce the output of NGO electrical steel by about 4,000t MoM to around 83,000t in May because of decreased orders," said a source of the company. In addition, they still have no stock in hand now, in line with last month.

Based on the annual production capacity of about 1.1 million tonnes, Ansteel produces NGO electrical steel with grades of 1,300-230.Asian Metal CopyrightBEIJING Asian Metal 22 Apr 24 - Anshan Iron and Steel Co.Asian Metal Copyright The company saw an output of around 1.Asian Metal Copyright Ansteel, one of the major non-grain oriented electrical steel producers in Northeast China, would cut the production to about 83,000t next month.Asian Metal Copyright1 million tonnes of NGO electrical steel last year and produced about 270,000t in Q1 of 2024.

The present mainstream prices of NGO electrical steel 50AW800 0.5mm*1,200mm*C from Ansteel stay at RMB5,000-5,050/t (USD691-697/t) D/P in warehouse Wuxi, the same as those of last week.Asian Metal Copyright Insiders expect Chinese NGO electrical steel prices to maintain stable in the coming week because of customers' slow buying activities and high prices of steel mills.Asian Metal Copyright Insiders expect Chinese NGO electrical steel prices to maintain stable in the coming week because of customers' slow buying activities and high prices of steel mills.

.Asian Metal CopyrightBEIJING Asian Metal 22 Apr 24 - Anshan Iron and Steel CoAsian Metal Copyright