Monthly Electrical Steel Market Report Apr 2019
2019-05-06 09:10:22 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Prices of both non-grain oriented electrical steel and grain oriented electrical steel in major markets of China saw a downward trend during this month on weak customer demand
. Major steel mills such as Baosteel, WISCO and Shougang Steel all announced to raise their list prices of NGO electrical steel for May production . Nevertheless, seeing the sharp price increase after the Spring Festival holiday, customers without urgent need for materials were mostly holding a wait-and-see attitude and refusing to place orders . Having no confidence in the market outlook, traders were reluctant to build large stockpiles . Insiders suppose prices of NGO electrical steel would drop further in the coming month.