Electrical Steel Market Report April 2015

Non-grain oriented electrical steel prices continued to decrease during the month, with demand from downstream industries remaining insufficient. However, prices for grain oriented electrical steel remained unchanged, supported by firm ex-works prices from leading Chinese producers.Asian Metal CopyrightNon-grain oriented electrical steel prices continued to decrease during the month, with demand from downstream industries remaining insufficient.Asian Metal Copyright Non-grain oriented electrical steel prices were unlikely to decrease further as most domestic traders held limited stocks to avoid risks.Asian Metal Copyright Non-grain oriented electrical steel prices were unlikely to decrease further as most domestic traders held limited stocks to avoid risks.Asian Metal Copyright Therefore, insiders believe that electrical steel prices will be stable as a whole in May.