Supply-Demand Imbalance Continues: December Non-Oriented Silicon Steel Prices Lack Clear Direction

[Supply-Demand Imbalance Persists: December Non-Oriented Silicon Steel Prices Lack Clear Drivers]

In December, in terms of supply, domestic non-oriented silicon steel supply is expected to continue decreasing, with some steel mills conducting maintenance on mid-to-low grade products. On the demand side, the demand for home appliances and NEVs is moderate, with a steady increase in the usage of new energy grades. The home appliance and automotive industries have stockpiling needs, but the demand for non-oriented silicon steel in traditional industrial motors is expected to decline due to the year-end demand drop. In terms of foreign trade, non-oriented silicon steel export orders are moderate, with some instances of competitive export orders. Overall, the supply-demand imbalance for non-oriented silicon steel is expected to persist in December, with market traders standing firm on quotes, and price movements lacking clear upward or downward drivers...