【SMM Analysis】Supply Surplus: The Pressure Path for Non-Oriented Silicon Steel in 2025

【Supply Surplus: The Path of Resistance for Non-Oriented Silicon Steel in 2025】In 2025, the price of non-oriented silicon steel will show a differentiated trend, with high-grade new energy grades remaining stable and medium-low grades weakening. Producers need to address capacity surplus and cost pressure through technological innovation and global layout. In the short term, policy dividends and efficiency demands will support high-grade prices, but medium-low grade market competition is fierce, and prices will gradually approach the cost line. In the long term, technological breakthroughs in alternative materials such as amorphous alloys may reshape the market landscape. Silicon steel producers need to plan ahead to cope with changing situations, otherwise they will face the risk of elimination.