Non-grain-oriented electrical steel faced cautious buying and limited seasonal demand improvement.
Eastern Chinese NGOES was assessed at $623–658 per tonne on October 16.
Grain-oriented material strengthened to $1,540–1,615 per tonne following post-holiday restocking.
Baosteel kept November base prices unchanged, while Ansteel and Bengang announced CNY 100-per-tonne NGOES increases.
Ample supply and uncertain downstream orders continued to restrict the market’s upside.
