Monthly Electrical Steel Market Report Apr 2018
2018-05-07 17:52:23 【Print】
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Prices of non-grain oriented electrical steel in major markets of China went down further during this month on weak customer demand and decrease in steel mills' list prices, while those of grain oriented electrical steel kept the upward trend mainly supported by higher purchase cost and the low market inventory
. All steel mills such as Baosteel, WISCO and Ansteel announced to cut their list prices of NGO electrical steel for May production . Besides, some steel mills conducted the yearly maintenance and the supply decreased accordingly . As demand from customers did not become better, the market sales performance continued to be bad . Traders were not optimistic about the market outlook and refused to build large stockpiles . Insiders do not expect the market to improve in the coming month.