Price Dynamics
- November 6: Silicon steel was quoted at 4,310 yuan/ton, unchanged from November 5.
- October Trend: Prices for non-oriented silicon steel were adjusted downward multiple times in October, but market expectations stabilized in early November.
Industry Capacity & Production
- 2024 Output: 16.1 million tons, a 9% year-on-year increase.
- 2025 Forecast: Output is expected to approach 17 million tons, with non-oriented silicon steel capacity utilization exceeding 90%.
Market Trends
- Non-oriented Silicon Steel: Prices declined multiple times in October, but recent expectations suggest stability.
- Oriented Silicon Steel: Production continues to grow, but specific pricing details were not mentioned.
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