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Jan 18 –Jan 25 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2995
Jan 28,2008
(Jan 18 –Jan 25)The whole bearing steel price experienced partly rising. Until this weekend, the average price of hot rolling GC15 was 5800 Yuan/ton, and annealing GCr 15 priced 7200 Yuan/ton. As for the raw material, except the price of iron ore and high chromium kept a stable level, the pig iron showed sings of a little increasing in nearly half regions, the current price was firm. Some special steel makers increased the factory price of bearing steel. New Year is around the corner, the deal volumes were not satisfactory. Expect urgently need, the distributors didn’t mean to Replenish at all for the enough stock. It is expected the bearing steel price will be increase because of the price adjustment. Price Adjustment Jan 18, Juneng Increased bearings steel by 100 Yuan/ton Jan 21,Huan steel Increased bearing steel by 50 Yuan/ton Jan 22,Nan steel Increased rod and wire by 100 Yuan/ton Jan 24,Huarun raised rod and wire by 100 Yuan /ton Jan 24,Huai Steel increased bearing steel by 150 Yuan/ton,and factory price was 6000 Yuan/ton.
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