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NINGBO KAILI HI-TECH BEARING CO., LTD

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

11 Aug,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.


【Transactions】


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.


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NINGBO KAILI HI-TECH BEARING CO., LTD

Hobson Bearing International, Inc.

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