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Oct 16 –Oct 23 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2972
Oct 28,2009
(Oct 16 –Oct 23) The bearing steel price showed sign of slight adjustment.Until the end of this week, the 50mm hot rolling GCr15 was priced at 4497 Yuan/ton,lower than last week.while 100mm annealing GCr15 was quoted 6393Yuan/ton,which remained the same as that of last week. The bargain price of 50mm hot rolling GCr15 was 4300-4350 Yuan/ton. And annealing was 5150Yuan/ton in Eastern China. The deal volumes were general this week .The steel markers didn’t launch price adjustment and maintained steady.Because small rise in steel can't cause upwarding of bearing steel,it will kept a stable level. As far as raw material, pig iron market had no obvious change and kept stable downturn. Weakness in the domestic steel market . The turnover in domestic coking coal market was general. The price in large state-owned mines were still stable except small adustment.. Coke market was so weak that the situation is not optimistic about the deal.
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