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Jun 27—Jul 4 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2984
Jul 07,2008
(Jun 27—Jul 4) The bearing steel price was stable this week. Until this weekend, the 50mm hot rolling GCr15 was priced at 7379 Yuan/ton, which was the same as last week.100mm annealing GCr15 reached 8825 Yuan/ton, which experienced a little chage than last week. The bearing steel volumes were still not satisfactory, the market resources gradually showed tendency to decreasing.The demand of bearing steel was affected by high temperature in Summer.But for the areas where market resouces was relatively limited, the distributors normally order goods. For the raw material, BHP Billiton declared that they have reached an agreement with Baosteel for the 2008 iron ore negotiation which rise in line with BHP Billiton. The disposed steel in some regions kept a stable level,steel-making experienced decreasing .As far as the ferroalloy was concerned, the price of high chrome has fallen. It is estimated that bearing steel will keep a stable level .
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