[SMM Weekly Wrap] Supply-Demand Pattern Solid, Next Week Grain-Oriented Silicon Steel Prices to Remain Temporarily Stable

Published: Jun 18, 2026 16:36

Save

[Supply-Demand Pattern Steady, Grain-Oriented Silicon Steel Prices to Stay Stable Next Week] This week, spot prices for cold-rolled grain-oriented silicon steel remained mostly stable, with market trading unfolding at a steady and orderly pace. Ferrous metals futures retreated after a rapid rise this week, posting limited changes that provided weak sentiment support for the silicon steel spot market, and overall market price fluctuations narrowed. Although earlier steel mill price hike policies were implemented, releasing positive signals, the market was still in a phase of digesting these policies. Spot prices did not post significant changes, mainstream quotations remained steady, the price spread between high- and low-priced resources in the market gradually narrowed, and overall quotations became more aligned.

Grain-oriented Silicon Steel Price Dynamics

Shanghai B23R085 grade: 12,200-12,200 yuan/mt

Wuhan 23RK085 grade: 11,700-11,700 yuan/mt

Cold-rolled grain-oriented silicon steel spot prices remained generally stable this week, with a steady and orderly trading pace. Ferrous metals futures retreated after rapid rise with limited fluctuations, which exerted a weak impact on the sentiment of the silicon steel spot market, causing overall market price fluctuations to narrow. Although earlier price hike policies by steel mills were implemented and released positive signals, the market was in the policy digestion phase. Spot prices showed no significant change, mainstream quotations held steady, and the price spread between high and low quotes gradually narrowed, with overall quotes tending to unify.

Demand side, downstream transformer and power equipment enterprises made just-in-time procurement as usual. End-users restocked at a steady pace, without centralized stockpiling or large-scale buying. Overall transactions were dominated by just-in-time orders, supporting market price stability and preventing price drops caused by weak demand. Supply side, major steel mills maintained stable production, with mainstream grain-oriented silicon steel resources released normally. Overall market supply was ample and orderly, inventory remained within a reasonable and controllable range, and there was no significant inventory buildup or destocking pressure.

Overall, the current grain-oriented silicon steel market saw basically balanced supply and demand. Traders quoted prices stably and sold flexibly, with a moderate wait-and-see atmosphere and no significant sentiment disturbances from price fluctuations. The overall market lacked strong drivers for major price movements, and just-in-time demand provided stable support. Given the stable supply-demand pattern, calm market sentiment, and controllable inventory pressure, cold-rolled grain-oriented silicon steel spot prices are expected to continue their generally stable trend next week.

Data Source Statement: Except for public information, all other data are based on public information, market communication, and SMM's internal database models, processed by SMM, for reference only and do not constitute decision-making advice.

Note: This article is an original piece from this official account. For any needs regarding reprinting, whitelisting, cooperation, etc., please contact us. Without permission, it shall not be reproduced, modified, used, sold, transferred, displayed, translated, compiled, disseminated, or otherwise disclosed to third parties or licensed to third parties for use. Once discovered, Shanghai Metals Market will pursue legal liability for infringement, including but not limited to demanding contractual default liability, return of unjust enrichment, and compensation for direct and indirect economic losses.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

[SMM Steel] ASEAN hot-rolled coil prices have fallen but have yet to attract Vietnamese buyers

[Vietnam] Dragged down by sluggish trading, ASEAN hot-rolled coil (HRC) import prices fell to 550 USD/tonne CFR, with some Indian sellers proactively conceding margins and lowering their HRC offers to 545 USD/tonne CFR Vietnam. However, due to weak expectations and extremely low purchasing intent among Vietnamese buyers, this price reduction still failed to attract any substantial buying interest.

10 hours ago

6.24 SMM Global Steel Daily Report

[Billet] Today, export billet quotations remained stable. Currently, mill quotes were on the high side, generally above $470/mt, while market tradable prices were mostly at $465-467/mt. Steel mills had a strong willingness to hold prices firm due to cost considerations, making it quite difficult to close export billet orders. [Rebar] Today, rebar export FOB quotations were basically stable. According to market feedback, recently, some steel mills, due to maintenance of blast furnaces and associated construction steel rolling lines, controlled the pace of taking rebar export orders. Meanwhile, wait-and-see sentiment among overseas clients was strong, leading to a noticeable shrinkage in overall export rebar orders. [Sheets & Plates] Today, export prices of HRC and other sheets & plates edged down day-on-day but held steady, with HRC transactions at $492-501/mt. Recently, due to declines in domestic futures and adjustments in the yuan exchange rate, some distant countries began to increase inquiry and purchasing demand. In terms of semi-finished products, short-term inquiry and purchasing willingness was low due to high domestic prices and the fact that overseas buyers had already made a certain amount of purchases earlier.

10 hours ago

[SMM Steel] Hoa Phat Develops High-Strength Steel for Auto and Heavy Equipment

Vietnamese steelmaker Hoa Phat has produced S700MC high-strength hot-rolled steel plate for load-bearing structures in trucks, trailers, special-purpose vehicles and heavy equipment. The grade offers strength, formability and weldability, supporting weight reduction and higher load capacity. The move expands Hoa Phat’s value-added steel portfolio and reduces reliance on imported advanced grades. "

10 hours ago