Launch of Asia non-grain oriented electrical steel prices

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, $/tonne
Quality: 50WW800 and same specifications produced by other steel mills, 0.5mm*1,000-1,200mm*C
Quantity: 10 tonnes minimum
Location: Ex-warehouse Shanghai, Wuxi, Hangzhou
Timing: Spot
Unit: $/tonne
Payment term: prompt payment upon delivery
Publication: Weekly, 5-6pm Shanghai time, Friday
Notes: Inclusive of 13% VAT

MB-STE-0919 – Electrical steel, non-grain oriented, cfr India, $/tonne
Quality: 50C800 and same specifications produced by other steel mills, 0.5mm*1,000-1,200mm*C
Quantity: 10 tonnes minimum
Location: cfr India main ports
Timing: 4-8 weeks
Unit: $/tonne
Payment terms: Letter of credit on sight
Publication: 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.