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Aug 1—Aug 8 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2964
Aug 12,2008
(Aug 1—Aug 8)The bearing steel price experienced few changes. In this week, the 50mm hot rolling GCr15 was priced at 7336 Yuan/ton, while 100mm annealing GCr15 reached 8836Yuan/ton, which had no obvious change. The market resources and deal volumes were satisfactory. Some steel makers slightly adjusted the bearing steel ex-factory price, ranging from 5 —100 Yuan/ton, which had few effects on the bearing steel market. Expect that a little fluctuation in part The bearing steel piece were still mainly stable. It is expected that the bearing steel price will remain stable .For the raw material, the price of disposed steel were decreased 50-100Yuan/ton in most regions of the whole country, while pig iron declined 50Yuan/ton, ferroalloy & high chrome didn’t have obvious change.
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