Grain-Oriented Silicon Steel Price Movements
Shanghai B23R085 grade: 12,200-12,200 yuan/mt
Wuhan 23RK085 grade: 11,700-11,700 yuan/mt
This week, China’s grain-oriented silicon steel market remained stable overall, with no notable price fluctuations. Mainstream quotations in the spot market were steady. Steel mills showed strong willingness to hold prices firm. For August, the base price for GO silicon steel was raised by 50 yuan/mt, with no significant rise or fall. Supply-demand conditions were generally stable. Steel mills maintained a steady production pace, resource supply was orderly, and market circulating inventory remained within reasonable range. Downstream end-users such as transformer enterprises purchased as needed, with just-in-time procurement dominating. The overall transaction pace was moderate. Market trading sentiment was cautious and rational. Traders mostly sold at stable prices, taking a wait-and-see stance, and price concessions or adjustments were rare.
Looking at market fundamentals, bullish and bearish factors are currently balanced. The cost side provides bottom support, while the demand side shows no significant boost or weakening signs. Overall, the GO silicon steel market is expected to continue its stable pattern next week, with prices likely to remain steady. Transactions will mostly be just-in-time procurement against a wait-and-see stance, with no clear upward or downward trend for now.
Data source statement: Data other than publicly available information is based on public information, market communication, and SMM’s internal database models, processed by SMM. It is for reference only and does not constitute decision-making advice.
Note: This article is original content of this official account. For any needs regarding reproduction, whitelisting, or cooperation, please contact us. Without permission, no one may reproduce, modify, use, sell, transfer, display, translate, compile, disseminate, or otherwise disclose the above content to any third party or authorize any third party to use it. Once discovered, SMM will pursue legal liability for infringement, including but not limited to requiring the assumption of contractual breach liability, restitution of unjust enrichment, and compensation for direct and indirect economic losses.
![[Al Yamamah Steel Advances Steel Billet Project]](https://imgqn.smm.cn/usercenter/UqlZJ20251217171717.jpg)
![[China Iron Ore Brief] China iron ore concentrates prices may remain in the doldrums next week](https://imgqn.smm.cn/usercenter/crVox20251217171717.jpg)
