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Fastmarkets is launching non-grain oriented electrical steel prices in domestic China and imported into India because electrical steel is poised to be a critical metal in the future in part of the ongoing global energy transition.
The specifications are as follows:
MB-STE-0918 – Electrical steel, non-grain oriented, ex-whs Eastern China, $/tonneQuality: 50WW800 and same specifications produced by other steel mills, 0.5mm*1,000-1,200mm*CQuantity: 10 tonnes minimumLocation: Ex-warehouse Shanghai, Wuxi, HangzhouTiming: SpotUnit: $/tonnePayment term: prompt payment upon deliveryPublication: Weekly, 5-6pm Shanghai time, FridayNotes: Inclusive of 13% VAT
MB-STE-0919 – Electrical steel, non-grain oriented, cfr India, $/tonneQuality: 50C800 and same specifications produced by other steel mills, 0.5mm*1,000-1,200mm*CQuantity: 10 tonnes minimumLocation: cfr India main portsTiming: 4-8 weeksUnit: $/tonnePayment terms: Letter of credit on sightPublication: Weekly, 5-6pm Singapore time, Friday
These prices will be a part of the Fastmarkets steel price package.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to this price, please contact Sam Li Xiaoyu by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sam Li Xiaoyu re: Asia Non-grain Oriented Electrical Steel Prices”Please indicate if comments are confidential.
Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.