Roundup of July Bearing Steel Market in China
Resource from: CBCC Likes:3054
Aug 02,2006
In July, the traditional off-season had an influence on sales of industrial products, including bearing steel. Besides, decreasing price of common steel also affected the bearing steel.
With regard to steel mills, the leading ones like Xingcheng Special Steel, Dongbei Special Steel and Zhengzhou Yongtong have stoped increasing price of bearing steels, being faced with increasingly pressure of sales. It is estimated that such steel makers are going to reduced their price, to some extent, to suit the market.
At present, various steel mills have seemingly sufficient orders from an overall perspective, but unlike the situation in May and June, orders have been on decline in number and even come out some unilateral order cancel by buyers. In this aspect, all steel makers began to control output of bearing steel and remain current price level.
In other hand, demand of G20 bearing steel for railway use which have few sources in China exceeded supply. Thus, several producers of G20 railway bearing steel, such as Dongbei Special Steel, Daye Special Steel and Xining Special Steel, increased their price by 500 to 800 yuan/ton, making the price near 15000 to 15500 yuan/ton.
According to the distributors and other middlemen, fewer demand of the end-users led to many problems. For example, end-users began to extend their payment time, causing expanding inventories in middleman's warehouse.
Some middlemen believed that state poliy of slowing down investment on fixed assests through restrictions on land use and credit services, also had a negative influence on the instable steel market. Recently, overall price plummet in steel market has caused price reduction of reinforced steel and steel sheet in an all-round way. Therefore, steel distributors were forced to reduce price for more sales volume, which further intensified the instability of market for common steels. It is absolutely certain that the fluctuation will be transfered from common steel market to special steel market.
On July 6, China Special Steel Enterprise Association(CSSEA) held news release conference, revealing that China's output of special steel accounted for less than 2 percent of the world total. Few international market shares became a shortcoming of China's steel industry.
During July, average price of common bearing steel kept at 4379 yuan/ton; annealed ones were 6002 yuan/ton.
()
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
