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Feb 13 –Feb 15 Roundup of Steel Markets in China

Resource from:  CBCC Likes:3000
Feb 18,2008
(Feb 13 –Feb 15) With the end of Spring Festival, the steel market ushered in a new year. while bearing steel gradually turned in a truly positive direction. Many areas of all parts of country suffered transportation problems resulting from snow disaster. At the same time, the raw material price as ferroalloy showed signs of a little rising. A large number of special steel enterprise frequently launched price adjustment. In a few days, nearly ten steel makers changed price, ranging from 100-200 Yuan/ton. The distributors were sensitive to the change and raised the price of steel .Up to this weekend, the average price of 50mm hot rolling GCr15 was 6000 Yuan/ton: 100mm annealing GCr15 was 7400 Yuan/ton. Currently, the downstream enterprises didn’t fully operate, so the deal volumes were not satisfactory.It is expected that part of bearing steel price will experience the possibility of a little increasing.
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