Proposal to launch electrical steel, cold-rolled grain oriented, ex-whs Eastern China: pricing notice

The demand for GOES grew alongside the rapid expansion of industries such as power transmission, energy storage, AI data centers, and electric vehicle charging stations.

China’s steel mills have increased production of GOES in response to growing demand. China’s production of GOES reached 3.37 million tonnes in 2025, up by 14.3% from 2.95 million tonnes in 2024, according to industry body Chinese Society for Metals.

Exports of China’s GOES also hit a fresh high of 757,717 tonnes in 2025, up by 18% from 642,077 tonnes a year earlier, according to Chinese customs data.

The introduction of this price will broaden the scope of the electrical steel market and enhance Fastmarkets’ existing price assessments for non-grain oriented electrical steel in India and China, as well as grain-oriented electrical steel in India.

The specifications are as follows:
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Electrical steel, cold-rolled grain oriented, ex-whs Eastern China, $/tonne
Quality: B23R085 and same specifications produced by other steel mills, 0.23mm*1,000mm*C
Quantity:10 tonnes minimum
Location: Ex-warehouse Shanghai
Timing: Spot
Unit: $/tonne
Payment term: prompt payment upon delivery
Publication: Every second week, Friday 5-6pm Shanghai time
Notes: Inclusive of 13% VAT

This assessment will be part of the Fastmarkets steel package.

The consultation period for this proposed launch starts from March 5 and will end on April 4. The launch will take place, subject to market feedback, on Friday April 17, 2026.

To provide feedback on these price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and steel@fastmarkets.com by April 4. Please add the subject heading “re: China electrical steel.”

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 the Fastmarkets methodology page.