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Aug 28-Sep 4 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2966
Sep 07,2009
(Aug 28-Sep 4) The overall bearing steel price showed sign of downward. Until the end of this week, the 50mm hot rolling GCr15 was priced at 4757 Yuan/ton.which lower 50Yuan/ton than that of last week. While 100mm annealing GCr15 was quoted 6600Yuan/ton. This turnover was no noticeable improvement this week. with the dropping of building materials and quality steel price, bearing steel market also entered the wait-and-see period, the majority of downstream distributors had no action. several steel makers have adjusted the bearing steel factory price. As far as charging was concerned, the domestic iron concentrate powder sharply down. imported iron ore continues to decline, but a slight improvement in turnover.Deposed steel market showed an overall decline .the overall operation of coking coal market was unsatisfactory,alloy market trends continue to fall slightly , general market was stable .
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