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Roundup of China's Bearing Steel Market Dated Feb.5 to 10

Resource from:  cbcc Likes:3006
Feb 14,2006
From Feb.5 to 10, the first week after China's traditional Spring Festival, price of bearing steel rose slightly. For lots of end users were still in their vacation, transaction amount was limited. The amount is expected to increase in next week when all the end users resume their regular business. Up to Feb.10, average price of common bearing steel is 4128 yuan/ton, 7yuan higher than the price before Spring Festival; anneal bearing steel remain the previous 5643 yuan/ton. Several steel mills raised their unit price by 50 yuan/ton. They include Xingcheng Special Steel, Xinye Steel, Daye Special Steel, Wuxi Huarun and other bearing steel producers. The price adjusting slightly influenced the bearing steel market in middle east China.
(cbcc)
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