Anshan Steel, WISCO and Baosteel’s price policies of electrical steel in Sept based on Aug’s prices.
Anshan Steel, WISCO and Baosteel’s price policies of electrical steel in Sept based on Aug’s prices.
Baosteel Zhanjiang's cold-rolled electrical steel line launched silicon steel coil
2017/07/31 22:19:41
Three months ahead of schedule, the first coil of silicon steel successfully rolled off the cold-rolled electrical steel line (Phase I with 1550mm in width) of Baosteel Zhanjiang on July 13th, marking the thermal load test a success. With a designed annual production capacity of 300 thousand tons, the mill was the 32th silicon steel production line constructed by China MCC5 Group Corp.Ltd. It is reported that MCC5 Group is China's top 1 enterprise contracting to build silicon steel production lines.
Ex-works prices for May
2017/07/31 22:21:06
Several silicon steel mills unveiled their ex-works prices for May as below, based on their respective price policy for April. For details, www.clikelectric.com Contact: inquiry@steelclik.comSeveral silicon steel mills unveiled their ex-works prices for May as below, based on their respective price policy for April. Contact for details: inquiry@steelclik.com
|
Mill |
Price Adjustment (¥/MT) (Tax Excluded) |
Effective Date(2017) |
|
|
Baosteel |
GO:unchanged |
NGO:↓300 |
April 10 |
|
WISCO |
GO:unchanged |
NGO:↓300 |
April 11 |
|
Anshan Steel |
electrical steel:↓300 |
April 14 |
|
|
Bengang |
electrical steel:↓700 |
April 17 |
|
|
Shougang |
electrical steel:↓300 |
May 1 |
|
|
Magang |
silicon steel:↓300 |
May 1 |
|
Brief market conclusion of 2016 and prediction of 2017
2017/07/31 15:40:58
Electrical steel, a niche product, achieved outstanding performance as a black horse in 2016. It was noteworthy that the price gap between non-oriented electrical steel and hot rolled coil was lifted to over 3000 yuan per ton, in place of former fluctuation between 2000 yuan and 3000 yuan per ton. This could be explained by better-than-expected performance in domestic steel market last year. What’s more, there were several underlying reasons to ignite the supply-demand conflict of electrical steel. Stronger demand in downstream home appliance industry shored up electrical steel consumption; in addition, supply storage stimulated market needs, due to the relocation of Baosteel’s two production lines, shut-down of Wugang’s old production lines, coupled with private steel mills’ transformations under market pressure in 2015. In the aftermarket, we should keep an eye on the following two aspects in terms of electrical steel, especially the non-oriented one. First, the widened price gap between non-oriented electrical steel and hot rolled coil might lead profit-hungry private steel mills to gear up for more productions. Second, Baosteel is about to put into production in Aug this year, which is believed to bring great impact on the market.
