Monthly Electrical Steel Market Report Mar 2018

Prices of non-grain oriented electrical steel in major markets of China kept the downward trend during this month due to weak customer demand and decrease in steel mills' list prices, while those of grain oriented electrical steel saw an upward trend mainly supported by higher purchase cost and the low market inventory.Asian Metal Copyright Customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Domestic steel mills such as Baosteel, WISCO and Ansteel reduced their list prices of NGO electrical steel for April production.Asian Metal Copyright Domestic steel mills such as Baosteel, WISCO and Ansteel reduced their list prices of NGO electrical steel for April production.Asian Metal Copyright Customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders.Asian Metal CopyrightPrices of non-grain oriented electrical steel in major markets of China kept the downward trend during this month due to weak customer demand and decrease in steel mills' list prices, while those of grain oriented electrical steel saw an upward trend mainly supported by higher purchase cost and the low market inventory.Asian Metal Copyright Being pessimistic about the market outlook, traders were still reluctant to build large stockpiles and the market inventory remained low.Asian Metal Copyright Customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders.Asian Metal Copyright Insiders suppose the market will continue to be quiet in the coming month.
.Asian Metal Copyright Customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place ordersAsian Metal Copyright