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Dec. 8-15 Roundup of Steel Markets In China

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Dec 18,2006
Dec. 8-15 Roundup of Steel Markets In China (Dec. 8 - Dec. 15)The bearing steel market remain gloomy. Compared with last week, there is little change in deal volume and price. For end-user demand, no rebound is available in the bearing steel market. According to distributors, deal volume keep in a lower level and it is hard to make a deal. Available inventories are almost the same amount as last week, staying in a rational level. Deal price have been reduced to some extent nationwide. Given the lasting lower level of deal volume and distributors' urgent desire for capital flow, it is reasonable that deal price decline slightly. Besides, some steel makers examine and repair equipments at this moment, causing slight shrink of supply. Thus, steel markers play their role in containing price. It is estimated that price of bearing steel will keep in a stable level next week. Statistically, the price has increased by 0.2% from last week, 0.5% higher than previsou month.
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