Monthly Electrical Steel Market Report Mar 2019
2019-04-04 09:30:41 【Print】
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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
. Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to lift their list prices for April production greatly . 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 . Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles . Insiders think prices would go down in the coming month on weak customer demand.