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Sep 21-Sep 28 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2995
Oct 08,2007
(Sep 21-Sep 28)The bearing steel price is basically stable this week. The orders weren't satisfactory, while market resources were limited. Neally all distributors added their stock before the National Day, so their stock increased to some extent compared with that of last week. Steel makers didn't lanched any price adjustment this week. As for the raw materials, the price mainly maintained a stable level. A new round of negotiation on iron ore will be in October, which indicated that the price of raw materials would increase. Bearing steel market is expected to be stable next week. The Mysteel-SSPI (Special Steel Price Index) compositive index stays in 119.7, 0.2 points higher than that of last week.
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