iconMay 24, 2024 14:53
Source:SMM
【Cost Support for Non-Oriented Silicon Steel Weakens, Prices Face Minor Correction Risk】Looking ahead, as the weekend approaches, the apparent demand for steel has decreased significantly, undermining the foundation for price increases. Coupled with the continued decline in raw material costs, steel prices, or more specifically, hot-rolled steel prices, are expected to start falling slightly next week. This, in turn, will weaken the cost support for silicon steel, making it difficult for the non-oriented silicon steel spot market to continue operating stably, posing a risk of minor correction...

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