[End-user Production Not Optimistic, Non-oriented Silicon Steel Prices to Remain in the Doldrums Next Week] This week, the ferrous metals series futures market was in the doldrums, with HRC spot prices falling and cost support weakening, which had a certain negative impact on the non-oriented silicon steel market. On the fundamental side, the overall supply of non-oriented silicon steel resources was loose, with insufficient spot liquidity for some grades. The impact of the off-season gradually emerged, with downstream end-user motor users showing average willingness to purchase. To facilitate smooth shipments, traders slightly lowered prices, leaving some room for profit concessions. However, there was also a structural shortage in the market, with prices for these resources remaining firm. Looking ahead, the degree of loose supply of non-oriented silicon steel may further expand, highlighting the supply-demand imbalance in the market. Insufficient demand release means that downstream end-users will continue to purchase as needed. Moreover, the production situation of downstream end-users is also not optimistic, with market sentiment generally cautious and on the sidelines. It is expected that Shanghai non-oriented silicon steel prices will remain in the doldrums next week, with some room for further price reductions.