CR silicon steel favored on narrowing price difference with HR
It is reported that CR silicon steel and HR silicon steel prices usually present a CNY 500 per tonne around discrepancy, citing “DR-510″0.5*1000*2000mm and “50WW800″0.5*1200mm*C. Once the price discrepancy expands to CNY 800 per tonne or above, the sales would tip in favor of HR silicon steel, otherwise, when it narrows to CNY 200 per tonne or below, the buyers tend to prefer CR silicon steel.
As per report April 2008 narrowing of price discrepancy is remarkable in Shanghai, and 800 low grade CR silicon steel price posted no more than CNY 200 per tonne higher than the HR silicon steel. This makes merits of CR silicon steel more obvious as it has a coat that helps improve insulating capability while used in electric motor and home appliance, while HR silicon steel hasn’t and needs to spend some CNY 400 per tonne to make it up; secondly, utilization rate of CR silicon steel is 5% to 10% higher than HR silicon steel.
Consequently, the CR silicon steel is advantageous in sales in the market now and HR silicon steel may move downward amid stability and is advised to enlarge the price difference for better marketing.
(Sourced from MySteel.net)
Tags: CR silicon