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Today Bearing Steel News: The price of bearing steel in the Chinese market fell slightly, and the market transaction was weak.

Resource from:  CBCC Likes:110
Aug 11,2022

【Market Summary】

The price of excellent and special steel in the national market fell slightly today. As of press time, the national average price of 45# carbon knotted round steel Ф29-85 was 4333 yuan/ton, down 5 yuan/ton from yesterday. In the leading market, Hangzhou warehouses offered 4,260 yuan/ton, Wuxi warehouses offered 4,260 yuan/ton, and Shandong Zhifa was 4,160 yuan/ton. The futures disk fluctuated downward, and the market turnover was weak.

Steel mills: 2 steel mills introduced price adjustment policies today, Laigang lowered by 50 yuan/ton, and Linggang lowered by 10 yuan/ton.

Maintenance: No steel mills have issued maintenance policies today.

【Today's price】

Today, the price of excellent and special steel fell slightly, and the price of 45# fell by 5 yuan/ton; the other varieties fell by 2-19 yuan/ton.


Today, the national special steel transaction volume was 34,800 tons, a decrease of 4,200 tons or 10.77% from the previous trading day.

【Prediction for tomorrow】

It is expected that the market price of excellent special steel will fluctuate and decline tomorrow.

【CBCC News Statement】
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