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Key Takeaways:

• Chinese Electrical Steel prices fell x.xx week-on-week to $xxx/mt in early September xxxx
• Cold-rolled feedstock costs plunged x.xx to $xxx/mt, weakening cost support structure
• Automotive sales rebounded strongly to x.xxx million units in August from July&#xx;s x.xxx million
• Oriented silicon steel faced pronounced oversupply with synchronized bearish sentiment
• New capacity releases occurred slower than expected at state-owned producers
• Downstream end-users adopted wait-and-see approach, postponing purchase decisions

Regional Analysis and x-Month Context

The pricing of Chinese Electrical Steel showed surprising stability through August before it appeared to weaken into early September. The weekly pricing data showed prices remained stable at $xxx/mt from early August through the end of August, before shifting up just slightly to $xxx/mt on August xxth before losing steam and falling back to $xxx/mt (current). The trending pricing pattern in this period is somewhat different from the past x...