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Nov 9 -Nov 16 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2980
Nov 21,2007
(Nov 9-Nov 16) The whole bearing steel price showed a little fluctuation this week.There were price increase 30-50yuan/ton in some regions.The deal volumes were not brisk, while distributors' stock were lower than usual stock. In order to relieve pressure from capital and stock, some distributors disposed part of bearing steel. Generally speaking, the orders of bearing steel weren't satisfactory. In additon,the steel makers lanuched price ajustment policy,Huan Steel raised bearing steel by 50 yuan/ton twice this week. For the raw material,the rising of it was 150yuan/ton,especially high chrome,the billet experienced a little increasing and the price of iron ore was stable this week. Bearing steel market is expected to be a little rising next week, but it is unknown that whether the deals volmes is satisfactory or not.
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