Monthly Electrical Steel Market Report Mar 2020
2020-04-03 08:57:03 【Print】
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Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China witnessed a downward trend during this month due to the high inventory and weak demand caused by the coronavirus outbreak
. Mainstream steel mills such as Baosteel and WISCO announced to keep their list prices of NGO electrical steel with middle and low grades produced in April stable . Downstream customers could not keep the regular production and their demand for electrical steel was unsatisfying . With new materials arriving in succession, traders had to reduce their prices to promote sales.