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Japanese manufacturers are obviously trying to increase the spot export prices and plan to ship after February 2012. The oversupply of manufacturers in Asia that are mainly in China and seasonal demand slowdown may not be due to the full increase in oil prices.
Market prices have fallen since last summer, and the highest price reached $1,000 per ton FOB in the spring of last year. Prices fell due to oversupply and a slow economy. Some users require prices less than $700.
The international market price is a low core loss, among which the Japanese manufacturers have an advantage that the high grade grain oriented electrical steel is obviously stable. When the construction of large-scale power plants started, the demand was firm.
From January to June 2011, with the fierce competition from China's surplus of low-grade products, Japanese manufacturers apparently failed to increase the export prices of the heavy-duty electro-mechanical industry in Europe and the United States compared with rival steel makers. Japanese manufacturers try to raise prices.
After February of this year will increase the export price of electric steel
According to reports, the international non-directional steel market prices have gradually recovered from the continuous decline since last summer. Steel stocks in China have gradually decreased, while some Chinese markets have started to increase sales prices.