[SMM Weekly Review] Non-Oriented Silicon Steel Prices May Remain Soft-to-Stable Next Week, With Expectations of Following Costs Lower

Published: Aug 14, 2026 17:42

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Non-oriented Silicon Steel Price Dynamics

Shanghai B50A800 grade: 4,350-4,350 yuan/mt

Guangzhou B50A800 grade: 4,150-4,150 yuan/mt

Wuhan 50WW800 grade: 4,160-4,160 yuan/mt

Shanghai market: This week, cold-rolled non-oriented silicon steel spot prices in the Shanghai market were in the doldrums, and overall market transactions maintained off-season performance. Market feedback indicated that HRC futures consolidated this week, market confidence recovered somewhat, the current supply-demand imbalance was relatively pronounced, demand visibly weakened, and most downstream motor enterprises mainly purchased as needed, with low stockpiling willingness. Overall, cold-rolled non-oriented silicon steel prices in the Shanghai market are expected to remain in the doldrums next week, with expectations of following cost declines.

Guangzhou market: This week, the cold-rolled non-oriented silicon steel market in Guangzhou was in the doldrums, and transactions were somewhat sluggish. Market feedback indicated that ferrous metals futures consolidated this week, and the spot market lacked direction. However, the industry is currently in its traditional consumption off-season, downstream end-users such as motor and appliance enterprises maintained low operating rates, purchasing sentiment was cautious and conservative, and typhoon and rainstorm weather affected sales, making the market even more sluggish. Overall, cold-rolled non-oriented silicon steel prices in the Guangzhou market are expected to remain in the doldrums next week.

Wuhan market: This week, the cold-rolled non-oriented silicon steel market in Wuhan was in the doldrums, with prices generally declining by 30-50 yuan/mt and lackluster transactions. Market feedback indicated that futures consolidated, downstream enterprises showed strong wait-and-see sentiment, demand resilience was insufficient, and traders reported that actual transactions were average, and they held cautious expectations for the future market outlook and chose to control inventory levels. Overall, cold-rolled non-oriented silicon steel spot prices in the Wuhan market are expected to remain in the doldrums next week.

Data Source Statement:

(All other data in this report are derived from public information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, broker reports, NBS data, customs import and export data, and various data published by major associations and institutions), market communications, and the SMM internal database model, and are obtained through comprehensive analysis and reasonable inference by the research team; they are for reference only and do not constitute decision-making advice.)

SMM has the final right to interpret the terms of this statement and reserves the right to adjust and amend the content of this statement according to actual circumstances.

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.

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