The global Electrical Steel market experienced mixed dynamics in the third week of June ****, with US prices remaining stable amid protective tariffs while Asian and European markets faced downward pressure from weak demand and trade disruptions. Rising US steel tariffs to *** created market fragmentation, benefiting domestic producers while challenging exporters globally.
Key Takeaways:
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China Electrical Steel Prices: Declined *.** to USD ***/MT (Ex-Shanghai) due to weak demand and poor stocking appetite
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Germany Electrical Steel Prices: Fell *.** to USD *,***/MT (FOB Hamburg) amid US tariff impact and export momentum loss
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USA Electrical Steel Prices: Remained unchanged at USD *,***/MT (DEL Tijuana) supported by protective tariff policies
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Japan Electrical Steel Prices: Dropped *.** to USD *,***/MT (FOB Osaka) following US shipment declines and global demand weakness
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South Korea Electrical Steel Prices: Decreased *.** to USD *,***/MT (Ex-Busan) amid inventory overhang and cautious buyer sentiment
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Trade Impact: US tariff escalation...
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