Chinese silicon steel export quotes down to lowest level since this year

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Publish time: 16th September, 2011      Source: ChinaCCM
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It's reported that the Chinese silicon steel export market has remained sluggish since this year due to poor demand from Japan, the largest importer of Chinese silicon steel.

It's known that Japan's demand for silicon steel decreased after the devastating earthquake and tsunami hit the country in March.

Besides, Chinese silicon steel manufacturers have been losing the advantages and receiving low profits in foreign market, affected by Vietnamese smuggling of silicon steel.

Industry sources expected that Chinese silicon steel export market would rebound after Japan recovers from the disaster in the second half of this year.