Monthly Electrical Steel Market Report Feb 2019

Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China witnessed an upward trend during this month mainly supported by the low market inventory and higher purchase costs.Asian Metal Copyright Besides, because the supply from steel mills was not sufficient, the market inventory continued to be low.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Shougang Steel and Ansteel all announced to raise their list prices obviously for March production.Asian Metal Copyright However, the market sales performance did not become much better as customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly.Asian Metal Copyright Besides, because the supply from steel mills was not sufficient, the market inventory continued to be low.Asian Metal CopyrightPrices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China witnessed an upward trend during this month mainly supported by the low market inventory and higher purchase costs.Asian Metal Copyright However, the market sales performance did not become much better as customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly.Asian Metal Copyright However, the market sales performance did not become much better as customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly.Asian Metal Copyright Insiders expect prices to go up further in the coming month.
.Asian Metal Copyright Major steel mills such as Baosteel, WISCO, Shougang Steel and Ansteel all announced to raise their list prices obviously for March productionAsian Metal Copyright