Monthly Electrical Steel Market Report Mar 2019

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China went up further during this month mainly supported by the increase in steel mills' list prices.Asian Metal Copyright Insiders think prices would go down in the coming month on weak customer demand.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to lift their list prices for April production greatly.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright However, seeing the continuous price increase, customers were just purchasing the material in small quantities for urgent need and the market sales performance continued to be unsatisfying.Asian Metal Copyright Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to lift their list prices for April production greatly.Asian Metal Copyright Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright However, seeing the continuous price increase, customers were just purchasing the material in small quantities for urgent need and the market sales performance continued to be unsatisfying.Asian Metal Copyright Insiders think prices would go down in the coming month on weak customer demand.
.Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China went up further during this month mainly supported by the increase in steel mills' list pricesAsian Metal Copyright