Chinese Bearing Steel Market Remains Firm
According to statistics, crude steel for bearing steel making rose by 29.0% YOY to some 1.14 million tonnes in the first five months, the output of bearing steel products gained 32.7% YOY to 1.06 million tonnes. Analysts believe that the market will remain the current behavior in the second half of the year.
As data showed, China exported 72.02 tonnes of bearing steel in May, a mild increase of 85 tonnes from April and 2380 tonnes more than last May.
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