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Aug 22—Aug 29 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2965
Sep 01,2008
(Aug 22—Aug 29) Bearing steel price still showed signs of weakling trend, while go on declining in part regions. In this week, the 50mm hot rolling GCr15 was priced at 7149 Yuan/ton, while 100mm annealing GCr15 was quoted 8625Yuan/ton, which lowered 50-70Yuan/ton than last week. The transaction was sluggish this week, and downstream distributors mainly took an attitude of wait and see .The bearing steel market difficultly change the weak trend in near future. For the charging, the price of disposed steel and pig iron still remained dropping. While ferroalloy & high chrome have been falling down.
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