Feb 27 ---Mar 6 Roundup of Steel Markets in China

Resource from: CBCC Likes:2986

Mar 10,2009

(Feb 27 ---Mar 6) According to the actually price of bearing steel ,it experienced price fluctuation. Until the end of this week, the 50mm hot rolling GCr15 was priced at 4704 Yuan/ton, while 100mm annealing GCr15 was quoted 6875Yuan/ton. The deal volumes were general. The majority of distributors were positive for delivery and anxious about the later trend of bearing steel. Because that the quality steel market has dropped nearly one month and some distributors slightly decreased bearing steel price,the current market price put into disorder.Besides that some downstream enterprisestook an attitude of wait-and-see,and some purchase. As raw material,high chrome were still falling; Orin ore continued to kept low price.Overall,the marterial market will kept weak trend.

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