[Market Cautiously Observing: Non-Oriented Silicon Steel May Remain Stable After the Holiday]
During the Chinese New Year holiday, the market was in a closed state, with traders typically resuming operations around the eighth or ninth day of the lunar calendar. Some end-user employees gradually returned to work after the ninth day, with production expected to commence after the Lantern Festival. Currently, inventories of non-oriented silicon steel remain relatively low across producers, trading channels, and downstream motor manufacturers, indicating a slight restocking demand for non-oriented silicon steel. In summary, the concentrated release of demand for non-oriented silicon steel in Q4 2024 poses a risk of overdrawn demand, which may affect procurement needs in Q1 2025. The market is cautiously observing, and non-oriented silicon steel may remain stable after the holiday.
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