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Nov.17-Nov.24 Roundup of Steel Markets In China

Resource from:  CBCC Likes:3059
Nov 27,2006
Nov.17-Nov.24 Roundup of Steel Markets In China (Nov.17-24) Gloom still dominate the domestic bearing steel market, there are few changes about available stock in the market. Less demand of end-users lead to limited deal volume. Thus price rebound become impossible in short period. Given various restrictive factors, there are little fluctuation in price. But distributors are forced to employ price reduction to respond to the sales pressure. Therefore, deal prices become lower with varying degrees. By the end of this week, average price of common bearing steel (GCr15) in major regions of China were 4053 yuan/ton; those of anneal bearing steel were 5642 yuan/ton.
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