Non-Oriented Silicon Steel Prices May Fluctuate Widely in November Amid Capacity Expansion and Mixed Demand

**Capacity and Output Continue to Expand; Non-Oriented Silicon Steel Prices May Exhibit Wide Fluctuations in November**

Looking ahead, steel mills have received decent orders for November, but sales pressure has increased compared to October. On one hand, profits have risen, prompting manufacturers to continue production and expand capacity and output. On the other hand, demand growth remains moderate, with fundamentals barely maintaining a tight balance, and prices lack upward or downward momentum. The operating conditions of traders are generally average, and downstream end-users have a low willingness to purchase at high prices for sporadic orders. Even if steel mills forcibly raise prices, the actual transaction outcomes are unlikely to meet expectations...