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Jul 11—Jul 18 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2987
Jul 21,2008
(Jul 11—Jul 18) The bearing steel price basically kept a stable level. In this week, the 50mm hot rolling GCr15 was priced at 7407 Yuan/ton, while 100mm annealing GCr15 reached 8846 Yuan/ton, which showed few changes. The bearing steel volumes were still not satisfactory. The market resources were limited as previous stage. The steel markers didn’t launch any price adjustment of bearing steel ex-factory price in July, which guaranteed the steadiness of the market. The bearing steel in quiet trading in the off-season of July, but the distributors had positive mental attitude. So the bearing steel price will be stable next week. For the raw material, the high chrome was basically stable. The price of disposed steel still rise. The pig iron appeared a little price fluctuation in some areas.
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