Grain-Oriented Electrical Steel and Non-Oriented Electrical Steel
Source Electrical Steel
With Confidence
Grain-oriented electrical steel (GOES) sourcing requires more than monitoring price changes. Sage combines MetalMiner’s proprietary GOES pricing data with sourcing intelligence to help you make better buying decisions.
- Compare GOES prices across the U.S., China, Europe and Japan.
- Access historical GOES price data.
- Analyze price correlations across global markets.
- Track short-term and long-term GOES price forecasts.
- Identify buying opportunities with market signals.
- Determine when to buy, what to pay and how to reduce costs.
Global M3 Price Index
MetalMiner serves as the only OEM-approved price reporting agency for GOES. In addition to this, MetalMiner publishes global GOES price points from multiple regions, along with both short term and long term forecasts.
All Grain-Oriented Electrical Steel Prices
United States
China
Europe
Japan
Metal Price Indexes: Now a
Grain-Oriented Electrical Steel Contracting Tool
Have an upcoming negotiation for GOES? Use a GOES price index to smooth volatility and lock-in margins. Read to see how to use this new contracting mechanism. Furthermore, learn how to lower average annual costs.
Non-Oriented Electrical Steel
Non-oriented electrical steel (NOES) sourcing requires clear price data and contract guidance. Sage combines MetalMiner’s proprietary NOES pricing data with sourcing intelligence to help you make better buying decisions.
- Compare historical NOES pricing data.
- Strengthen contract negotiations with better market visibility.
- Identify buying opportunities with market signals.
- Improve sourcing decisions with guidance on when to buy and what to pay.
Some may argue that timing an electrical steel buy appears speculative. Spot buying, however, also means speculative buying! Merely having a specific GOES price via fundamental analysis (e.g. supply and demand) rarely equates to an actionable buying strategy, particularly with high market volatility. Understanding GOES prices from both a short-term and long-term perspective allows buyers to alter strategies in falling, sideways, and rising markets, as well as save money.
For companies that have the responsibility of managing GOES purchases, this brief on the 5 Best Practices of Metal-Based Sourcing can help with upcoming supplier negotiations. This brief describes how to use cost breakdowns to separate out the conversion/processing costs from metal prices, why one should buy by the weight vs. the each, the importance of “3” in supply awards and two other best practices all designed to help reduce cost of goods sold.
Have an upcoming negotiation for GOES? Make sure you know how your service centers will negotiate prices with you. A strong understanding of which part of your GOES purchases moves with an index and which elements should remain fixed will help mitigate market volatility.
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We’re always looking for input. Moreover, we also seek out opportunities to expand our offerings to help buying organizations purchasing metal. Interested in steel metal prices and market trends? What about advice on copper prices, negotiations and cost-downs? Reach out to us and let us know!
What We Offer?
The goal of MetalMiner is to help manufacturers better manage margins. In addition to this, MetalMiner also assist companies in generating cost savings and cost avoidance, smoothing out volatility and meeting profitability targets. We use data – data science, data analysis, artificial intelligence, statistical analyses as well as technical analysis to provide buying organizations with specific actionable buying guidance.
When used consistently, MetalMiner’s buying guidance affords companies both cost savings and cost avoidance opportunities.