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Apr 11—Apr 18 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2982
Apr 21,2008
(Apr 11—Apr 18) Bearing steel price kept a stable level in some areas, while slight rising in a few regions. Until this weekend, The 50mm hot rolling GCr15 was priced at 6539 Yuan/ton and 100mm annealing GCr15 reached 8075 Yuan/ton, which were higher than that of last week. The deals volumes were satisfactory, especially in China eastern region. Steel production were relatively normal. For the raw material, the price of pig iron, disposed steel remained firm. As far as the ferroalloy was concerned, the price of high chrome still showed a sign of upswing, which hit 1000 Yuan/ton. Some steel markers launched price adjustment for Cr material, bearing steel price didn't experience obvious change, the later-period market price will be up to the price adjustment and market demand.
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