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May 31 -June 5 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2973
Jun 10,2009
(May 31 -June 5 ) The overall bearing steel price showed sign of stability.Until the end of this week, the 50mm hot rolling GCr15 was priced at 4464 Yuan/ton, which higher than that of last week.while 100mm annealing GCr15 was quoted 6554Yuan/ton,which remained the same as that of last week. Some steel distributors raised the quotation of bearing steel for the influence of bearing steel increasing price.The deal volumes were general and the market resources were limited.The stock in Zhejiang,Luoyang market kept a low level. As far as steel factories,they make to order and had no stock.Fromnow situation,the demand of the downstream distributors were not very satisfactory. In general,market supply and demand were relatively balanced.It is expected that bearing steel market won't have obvious change.
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