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Oct 23 –Oct 30 Roundup of Steel Markets in China

Resource from:  CBCC Likes:2980
Nov 02,2009
(Oct 23 –Oct 30) The bearing steel price was basically steady. Until the end of this week, the 50mm hot rolling GCr15 was priced at 4497 Yuan/ton.while 100mm annealing GCr15 was quote 6393Yuan/ton,which remained the same as that of last week. The bargain price of the hot rolling GCr15 and annealing were 4250-4300 Yuan/ton and 5150 Yuan/ton in Eastern China. As for the steel makers,some of them didn't launch price adjustment except that Shigang steel and Juneng tentatively increased beairng sterel price. The distributors didn't order a bigger quantity.The bearing steel will kept a stable level in a short time.
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