[Steel plants maintain high production, silicon steel continues to be oversupplied]

Looking ahead, steel plants' order intake in April remains stable, with mainstream steel plants receiving almost full orders and experiencing minimal sales pressure. On the traders' side, most downstream terminal projects have already started and demand growth has begun to slow down. Currently, the procurement strategy is mainly based on demand-based purchasing. In addition, the oversupply situation of silicon steel continues, leading to a possible weak trend in the silicon steel market, with downstream willingness to buy gradually weakening. Therefore, it is expected that the spot prices of non-oriented silicon steel in April may show a weak and fluctuating trend.