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Jun 20—Jun 27 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2977
Jun 30,2008
(Jun 20—Jun 27) There was general stable in bearing steel price. Until this weekend, The 50mm hot rolling GCr15 was priced at 7378 Yuan/ton, which was the same as last week.100mm annealing GCr15 reached 8807 Yuan/ton, which a little higher than last week. The bearing steel volumes were not satisfactory, but the steel makers’mental attitude was not so bad. Compared with the quality steel market, the whole bearing steel market was in a good order ,because bearing steel resources were limited and distributors didn’t experience fund shortage. For the raw material, the price of pig iron and disposed steel were stable. As far as the ferroalloy was concerned, the price of high chrome has fallen. It is estimated that bearing steel will keep a high level due to the cost support.
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