The Bearing Steel Price in Nanjing is Temporarily Stable

Resource from: CBCC Likes:2899

Sep 27,2009

According to the news from Nanjing, the price high carbon bearing steel kept stable recently. According to the statistic data, as the upturn of the economy in China, the market of business vehicles has rapid upturned. The output and sales of the bearing products in August have greatly increased, in which the product sales of Henan Zhongzhou Group have greatly increased and the sales of auto forgings, cam shaft and special cars have increased 70%, 47% and six times separately. However, the beneficiaries of the increase of the bearing demand are all large bearing enterprises; the small bearing steel consumers have not received good orders. Therefore, there is no favorable news for bearing steel distributors. In a whole, the bearing steel price in Nanjing market will keep a relatively stable state. The referential bearing steel prices in Nanjing market are as follow: the price of Nanjing steel gcr15φ16-40, continuous casting without annealing material is CNY 4,500/ton; the price of gcr15φ50 continuous casting without annealing material is CNY 4,400/ton; gcr15φ6.5-14 continuous casting without annealing material is CNY 4,700/ton; the price of Shijianzhuang Steel gcr15φ50 continuous casting without annealing material is CNY 4,450; and the Xingcheng Steel gcr15φ50 continuous casting without annealing material is CNY 4,700.

(CBCC)

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