Oct 24---Oct 31 Roundup of Steel Markets in China

Resource from: CBCC Likes:2967

Nov 05,2008

(Oct 24---Oct 31) The bearing steel price still dropped down. In this week, the 50mm hot rolling GCr15 was priced at 4668 Yuan/ton, while 100mm annealing GCr15 was quoted 7014Yuan/ton, which respectively sharply declined 800Yuan/ton and 450Yuan/ton. The deal volumes weren’t any better. we were disappointed for the bearing steel trend because that the bearing steel price wasn't the bottom price. The current bearing steel conditions urgently need appropriate adjustment.

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