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May 22 -May 31 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2974
Jun 02,2009
(May 22 -May 31 ) The overall bearing steel price showed sign of stability.Until the end of this week, the 50mm hot rolling GCr15 was priced at 4457 Yuan/ton, while 100mm annealing GCr15 was quoted 6554Yuan/ton. The steel makers remained previous policy.On May 26,Rio Tinto Ltd and Japan's Nippon Steel Corporation have reached agreement about pig iron price.Pilbara Blend Fines decreased 33% to 0.97 us dollar and Pilbara Blend Lump dropped 44% to 1.12 us dollar.China make the statement today that they can't accept the price . The price of imported iron ore showed a little increasing in short terms and the domestic Iron Ore Concentrate Powder didn't experience obvious change.The disposed steel rose a little bit and pig iron kept a stable level in some areas. in the short term,the material price didn't effect on the bearing steel price.
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