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