Mar.23-30 Roundup of Steel Markets In China

Resource from: CBCC Likes:3028

Apr 02,2007

Mar.23-30 Roundup of Steel Markets In China This week see little change in the market trend, price of bearing steel remain in a higher level. Concerning the deal volume, it's likely that distributors were facing financial pressures at the end of this month, so that deal volume were in a limited but reasonable level. On the other hand, rising trend of raw materials drive further price-rising by the steel makers. Huaigang Special Steel and Xingcheng Special Steel raised their price by 100 to 150 yuan/ton. There are little changes in steel output of domestic steel makers. However, Yongtong Steel & Iron Group lessened their output. Shigang Special Steel are expected to expand its output gradually; output of middle and low-end products among makers are changing dedicately. It's estimated that the market will following its current trend in next week with little changes, price keep in stable level.

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