November 22, 2008

Chinese CRNGO market remains steady

It is reported that the prices of cold rolled non grain oriented silicon steel start to keep steady this week in Shanghai market.

The prices from the first-class silicon steel makers in China is as under

1. Baosteel - B50A470 at CNY 8,650 per tonne
2. Baosteel - B50A600 at CNY 8,000 per tonne
3. WISCO - 50ww800 at CNY 7,500 per tonne
4. WISCO - 50ww1300 at CNY 7,400 per tonne
5. Ansteel, 800 brands at CNY 7,550 per tonne

In addition, Baosteel will remain the silicon steel prices unchanged in the fourth quarter as previous quarter, which disappointed market expectations.