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Roundup of China's Bearing Steel Market Dated Feb.17 to 24

Resource from:  CBCC Likes:3011
Feb 28,2006
From Feb.17 to 24, there were slight increase of bearing steel price while amount of deal completed is almost the same as last week. Up to Feb.24, average price of common bearing steel is 4142 yuan/ton, 14 yuan higher than that of last week; price of anneal bearing steel remain the previous 5643 yuan/ton. In general, bearing steel, mainly low-end products, price increased slightly; upscale bearing steel remain their previous price. In middle east China, low-end bearing steel price increased slightly; in middle China, there were a few signs of price increasing, the price will increase recently; in south west and north west China, bearing steel price stay at a higer level than other regions; in northern China, price is in a stable level. Amount of deal completed, almost the same all over the country, is not satisfactory.
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