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Jul 4—Jul 11 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2987
Jul 14,2008
(Jul 4—Jul 11) The bearing steel price was basically stable this week. In this weekend, the 50mm hot rolling GCr15 was priced at 7382 Yuan/ton, while 100mm annealing GCr15 hit 8832 Yuan/ton, which was the same as last week. The bearing steel volumes were still not satisfactory.the market resources showed a little change compared with last week. Bearing steel price still kept firm although the quality steel, such as carbon structure steel, carbon tool steel etc experienced price fluctuations. In conclusion, the bearing steel price will be stable in a short period. For the raw material, the price of disposed steel was steadily rise.the pig iron appeared a little price fluctuation. As far as the ferroalloy was concerned, the price of high chrome stopped falling and kept a stable level.
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