[Inventories Continue to Accumulate, Non-oriented Silicon Steel Market

Published: Aug 2, 2024 15:25

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[Inventories Continue to Accumulate, Non-oriented Silicon Steel Market Remains Weakly Stable] This week, the price of non-oriented silicon steel continued to fall rapidly, with a decline of around 100 yuan/ton from last week. Market participants held a poor attitude and were pessimistic about the future market, actively shipping goods, among which private steel plant resources accounted for the majority. However, as inventories continued to accumulate, pressure increased, and demand declined during the off-season, the non-oriented silicon steel market is expected to remain weakly stable next week...

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