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Dec 14 -Dec 21 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2982
Dec 24,2007
(Dec 14 -Dec 21 ) The bearing steel price continuously remain stable level. The average price of hot rolling GC15 was 5340Yuan/ton, while annealing GC15 6570 Yuan/ton. The deal volumes were not satisfactory, and the market resources were limited. The factory price of bearing steel didn’t experience obvious price adjustment this week, but Xining special steel launched bearing steel price adjustiment. For the raw material, the price of high chromium kept a stable level, while Pig iron ore kept a rising level. With the approach of end-year,some distributors are under great fund stress ,which had no effect on the whole trend of bearing steel. It is expected bearing steel will be experience a little fluctuation.
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