Feb 22 –Feb 29 Roundup of Steel Markets in China

Resource from: CBCC Likes:2988

Mar 04,2008

(Feb 22 –Feb 29) Bearing steel price showed signs of sharply increase. With the price increase of iron ore and coal, special steel enterprises futher enhanced the steel price. The steel makers launched new price adjustment. The steel was priced about 300 Yuan./ton. Up to this weekend, the average price of 50mm hot rolling GCr15 has been increased to 6340 Yuan/ton; while 100mm annealing GCr15 hit 7790 Yuan/ton, 300 yuan/ton higher than last week. The downstream enterprises highly cared the bearing steel price,and the sales were satisfactory. The distributors'stock were limited and OOS Phenomena was common. Many of them had to order from the steel makers. It is expected that part of bearing steel price will experience a little increasing.

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