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Nov 2 -Nov 9 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2992
Nov 14,2007
(Nov 2-Nov 9) The whole bearing steel price basically remain stable level this week. The sales was not brisk, while market resources were moderately well. Except that Chang Steel raised GCr15 price by 100 yuan/ton on Nov 6, The steel makers nearly didn't lanuch price ajustment. The distributors were going to raise the price,but some market quotation experienced downward tendency rusulting in the declining profit margin. For the raw material,the price of pig iron for steelmaking and ore showed little fluctuation. As a whole, the price was stable. Bearing steel market is expected to be stable next week. The Mysteel-SSPI (Special Steel Price Index) compositive index stays in 118.8, 0.2 point lower than that of last week.
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