Chinese oriented electrical steel (also known as oriented silicon steel) is finally proud. Yesterday, Baoshan Iron & Steel Co., Ltd. (600019, Baosteel Co., Ltd. (7.34, 0.00, 0.00%)) released the steel price policy in April. Except for the orientation of electrical steel, which was raised by RMB 1,000/ton, other steel products were mainly flat. Some products of hot-dip galvanizing and galvanizing give a discount of 100-200 yuan/ton. It is worth noting that Wuhan Iron and Steel Co., Ltd. (600005, Wuhan Iron and Steel Co., Ltd. (4.96, 0.00, 0.00%)) issued the steel price policy in April of Baosteel Co., Ltd., which was also based on “flatâ€, while the oriented silicon steel was raised. Also reached 1000-1200 yuan / ton, the current price of 0.3mm30Q120 brand-oriented silicon steel is 17,440 yuan / ton (excluding tax). Affected by the price increase of oriented silicon steel, WISCO shares rose 5.98% against the A-share market yesterday, Baosteel shares rose 1.66%, and Angang Steel (8.16, 0.00, 0.00%) rose 1.49%. Opportunities for high-end steel It is understood that oriented silicon steel is an indispensable soft magnetic material in the power industry. It is mainly used in various types of transformers, rectifiers, reactors and large motors to manufacture iron cores of various types of transformers. Qiu Yuecheng, an analyst of the well-known spot trading platform Xiben Shinkansen, said that the domestic production of silicon steel mainly includes WISCO, Baosteel, Angang (000898) and other small steel companies. The production of silicon steel equipment is mainly imported from Japan. Yesterday, according to a person named Zhou from the Secretary of the Board of Directors of WISCO, Japan, South Korea, Russia, and the United States had relatively large exports of previously oriented silicon steel. After our anti-dumping, the United States has lost a little. Russia has not changed. This time, the earthquake in Japan caused some steel mills to stop production. Japan’s main export of high-end steel products to China is “good†for our company, so WISCO’s shares only raised prices. “However, at present, silicon steel is mainly targeted at the domestic market.†The goal set by WISCO was to sell 400,000 tons of oriented silicon steel in 2010. "The earthquake in Japan caused the Japanese steel mills to stop production, and the import volume of silicon steel will naturally decrease, which is good for the sales of silicon steel in China." Qiu Yuecheng said. According to Hu Yanping, an analyst at China United Steel Corporation, Japan is China's leading importer of silicon steel, especially oriented silicon steel and high magnetic induction non-oriented silicon steel. In 2010, in terms of silicon steel, China imported 511,000 tons from Japan, while Japan's 2010 silicon steel exports totaled 926,000 tons. "If the impact of the earthquake in Japan on the production of local steel mills is a fact, then high-end steel prices remain high, and even price increases are also a matter of course." Sheng Zhicheng, deputy secretary-general of the Steel Logistics Professional Committee of the China Federation of Logistics and Purchasing. Hu Yanping, an analyst at China United Steel Network, said that steel mills have sharply adjusted the ex-factory price of oriented silicon steel, which has a certain relationship with the earthquake in Japan, but it is also related to the “recovery†of the price trend of oriented silicon steel. “Oriented silicon steel has a relatively poor trend last year, almost all It fell in the year and only began to improve after the end of last year." Some analysts said that the two steel mills have sharply raised the ex-factory price of oriented silicon steel. Another reason is that this year is the first year of the 12th Five-Year Plan. It can be seen that in the first year of the opening, the local government is bound to do a good job. The investment in smart grid, water conservancy, electric power, and rural power grid transformation will greatly boost the demand for silicon steel in China. The above-mentioned person of the SEC's director-general office said yesterday that the company should not raise the price of silicon steel in the short term. "It is estimated that the earthquake in Japan is largely a psychological expectation of China's steel industry." The savior of low-end steel "In the short-term, the Japanese earthquake has little direct impact on steel prices. The domestic price increase in the past two days has speculation, which coincides with the requirements of the rapid decline in the previous period." Hu Yanping said. Qiu Yuecheng said that the future price of steel has continued to rise, and the spot price of steel is supported. It is expected that the spot price of steel will increase in the short term. For the two major steel mills almost the same April price strategy, Hu Yanping said that the flat plate is mainly in line with market expectations, because in the past month, the domestic steel market has fallen, Baosteel has no basis to continue to raise prices. And power. Bao Hong, a securities affairs representative of Baosteel Co., told the Morning Post reporter that the current spot price of domestic steel is relatively stable, and there is no big fluctuation due to the earthquake in Japan. Baosteel's March price policy shows that the main steel products are raised by 200-400 yuan/ton. Yesterday, the Ministry of Industry and Information Technology released data showing that from January to February, domestic crude steel output was 114.18 million tons, up 12.6% year-on-year, and the average daily output was 1.94 million tons, an increase of 12.8% from last year's average daily output, a record high. This means that the inventory pressure on low-end steel is further increased.
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