| Steel - Silicon Steel |
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Mysteel Analyst on Recent Downswing CR Silicon Steel Market
News from Shanghai steel market showed that the resent market prices of non-oriented silicon steel posted a continuous downward trend, like the spec of “800, 0.5* 1200*C” made by the mainstream steelmakers broke 8,000 yuan/ton and 7,000 yuan/ton since mid-Apr this year, which was rarely seen in recent several years.
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Mysteel: Silicon Steel Market Expanding
China's production of silicon steel increased persistently since 2004. Its yield gained two folds till 2007 to 4.15mt, and climbed further to 4.5mt in 2009.
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CR Silicon Steel Coil to Eye Oversupply in H2
The latest steel market in Shanghai shows that CR silicon steel coil (just for non-oriented silicon steel coil in this article) will witness oversupply in the second half of this year. The reasons are as follows:
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