Weekly summary:2022 China Bearing Steel market trend in first week of June will be generally stable
【Market Summary】
This week, the price of excellent and special steel in the national market was generally stable. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 was 5086, up 17 from last week. The leading market is Hangzhou Kuti 5050, Wuxi Kuti 5030, and Shandong Zhifa 4870. The futures disk fluctuated upwards, and the market turnover was good.
Steel mills: 3 steel mills introduced price adjustment policies this week, Dongfang Special Steel raised its price by 17, Hangzhou Iron and Steel raised its price by 17, and Tiangang Superior Steel raised its price by 17. Maintenance: No steel mills have issued maintenance policies this week. (unit: yuan/ton)
【Price】
This week, the price of excellent special steel went up and down. The price of 45# rose by 17 yuan/ton compared with last week; the other varieties rose by 11-60 yuan.
【Regional spread】
From the perspective of regional spreads, prices in mainstream cities are mixed, and the spreads have narrowed.
【Forecast】
It is expected that the market price of excellent special steel will rise steadily after the holiday.
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