Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of March Rose Slightly
Weekly Summary: 2023 China Bearing Steel Market Trend in Second Week of March Rose Slightly
Overview: This week, the national high-quality special steel prices rose slightly, and the overall market performance was lower than expected. This week, with the steady rise of economic indicators, the market is improving, the futures market is rising, and the spot price is rising slightly. However, the terminal purchase is still mainly cautious and wait-and-see, and the transaction performance is average. In terms of steel mills, the production of each steel mill is stable, and there is no new maintenance plan.
【Market Summary】
This week, the prices of mainstream special steel varieties fell slightly. 45# closed at 4540 yuan/ton, up 4 yuan/ton from last week. 40Cr received 4809 yuan/ton, an increase of 21 yuan/ton compared with last week. 20CrMnTi closed at 4935 yuan/ton, an increase of 18 yuan/ton compared with last week. 35/42CrMo closed at 5,596 yuan/ton, an increase of 31 yuan/ton compared with last week.
Steel mills: No steel mills have introduced price adjustment policies this week. Maintenance: No steel mills have issued maintenance policies this week. It is expected that the market price of excellent and special steel will be fluctuate next week. (unit: yuan/ton)
【Next week forecast】
It is expected that the market price of excellent special steel will be fluctuate next week.
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