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May 4—May 9 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2991
May 15,2008
(May 4—May 9) Bearing steel price was almost stable except part price climb. Until this weekend, The 50mm hot rolling GCr15 was priced at 6740 Yuan/ton and 100mm annealing GCr15 reached 8240 Yuan/ton, which respectively increased about 50 Yuan/ton and 40 Yuan/ton. For the raw material, the price of pig iron and disposed steel showed a sign of rising. As far as the ferroalloy was concerned, the price of high chrome has fallen resulting from previous- period upswing. Some steel markers launched price adjustment, ranging 100-200 Yuan/ton. With the more later-period deliver goods, It will be likely to keep a rising level
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