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Feb 13 ---Feb 20 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2976
Feb 25,2009
(Feb 13---Feb 20) Bearing steel price was basically stable this week. Until the end of this week, the 50mm hot rolling GCr15 was priced at 4696 Yuan/ton, while 100mm annealing GCr15 was quoted 6875Yuan/ton. The deal volumes were general. Part of steel price was sharply declined,especially plain carbon,which caused a notable impact on the quality steel market. As far as steel markers were concerned, some quality steel took an attitude of wait-and-see and they were in no hurry to adjust the factory price in Feb. As charging, the majority raw material experienced a decline trend. Deposed steel, chrome, Orin ore etc had an declining tendency in different degrees.It is expected that bearing steel price will keep a stable level.
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