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Jan. 26-Feb. 2 Roundup of Steel Markets In China

Resource from:  CBCC Likes:3093
Feb 05,2007
Jan. 26-Feb. 2 Roundup of Steel Markets In China (Jan. 26-Feb. 2 ) This week see an average deal volume, price of bearing steel keep the stable level as last week. Steel makers raise their price one after another. Jan. 26, Xingcheng Special Steel raise price of GCr15(hereinafter refer to as price) by 150 yuan/ton; Jan. 30, Juneng Special Steel raise price by 50 yuan/ton to 3800 yuan/ton; Jan. 31, Egang Special Steel raise price by 50 yuan/ton to 4240 yuan/ton; Feb. 1, Huarun Special Steel raise price by 100 yuan/ton; and another rise of 50 yuan/ton the next day. Deal volume continue as in last week, stocks are limitable on the market, deal price remain the same as last week. Due to the conference participated by domestic leading steel makers, price of bearing steel will maintain the momentum of growth in following days in China.
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