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Aug 15—Aug 22 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2972
Aug 25,2008
(Aug 15—Aug 22) Bearing steel price showed decline trend to varying degree in different regions. In this week, the 50mm hot rolling GCr15 was priced at 7200 Yuan/ton, while 100mm annealing GCr15 hit 8679Yuan/ton.According to the date mentioned above, bearing steel price averagely fell more than 100Yuan/ton, which indicated the falling speed has been obvious quickened than last weeks and foreshowed further adjustment. As far as deal volumes were concerned, it was still unsatisfactory. The fund pressure of steel makers and distributors will gradually produced. For the raw material, the price of disposed steel and pig iron still remainde dropping. while ferroalloy & high chrome have fallen down again.
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