Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of December is Stable

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of December is Stable

Ⅰ This week's review

【In terms of price】

This week, the price of bearing steel has been running steadily, and as of today, the absolute price index of GCr15 is 4990 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market is running weakly and steadily, and terminals are replenishing inventory as needed. At present, the spot of bearing steel in Liaocheng market mainly comes from steel mills such as Juneng and Jiyuan, and the inventory of multiple traders remains above 500 tons. At present, merchants replenish inventory based on demand, and downstream suppliers have a low willingness to replenish inventory, with transactions mainly focused on essential needs. Overall, it is expected that the price of bearing steel in the Liaocheng market will remain stable in the short term. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4330 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 4100 yuan/ton.

The price of bearing steel in the Hangzhou market is currently stable, and merchants are replenishing their inventory as needed. In terms of spot inventory, Zhongtian Steel and Nanjing Steel have slightly abundant resources, while most traders maintain inventory levels of around 500 tons. Given the average market demand, most customers maintain a wait-and-see attitude and continue to make essential purchases, often quoting in a stable manner. In terms of inventory, some specifications are out of stock, and merchants need to replenish inventory as needed. Overall, it is expected that the price of bearing steel in the Hangzhou market will remain stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is quoted at 4360 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4800 yuan/ton.

The price of bearing steel in the Wuxi market is currently stable, but the transaction performance is poor. In the Wuxi market, bearing steel products such as Zhongtian Steel and Xingcheng Special Steel are relatively abundant, and the inventory of most traders is maintained at about 800 tons. Compared to last week, there is not much difference in market sales this week, especially as demand gradually weakens towards the end of the year. Traders are cautious in restocking, and the supply and demand situation has slightly eased. Overall, it is expected that the price of bearing steel in the Wuxi market will remain weakly stable in the short term. The current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4350 yuan/ton, while the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5600 yuan/ton.

The price of bearing steel in Dalian market remains stable, and the market trading atmosphere is cold. In the Dalian market, Benxi Iron and Steel, Dongte Shares, and Jianlong Beiman have abundant sources of goods, with large-scale traders maintaining inventory of around 3000 tons. Downstream terminal enterprises are cautious in procurement, resulting in poor market demand and weak transactions. In terms of emotions, considering the cold climate in Northeast China and the difficulty in improving demand, many businesses are adopting a cautious and wait-and-see attitude. Overall, it is expected that the price of bearing steel in the Dalian market will remain stable next week. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4250 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4250 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4300 yuan/ton.

The price of bearing steel in the Luoyang market remains generally stable, and there is a clear wait-and-see attitude among merchants. Recently, there has been ample supply of Jiyuan Steel, Daye Special Steel, and Hegang Stone Steel in the Luoyang market, with some traders holding around 1000 tons of inventory. Downstream enterprises have insufficient purchasing enthusiasm, low market activity, and poor transaction performance. In order to circulate funds, merchants adopt a "single negotiation" price, and the bargaining space continues to expand. Overall, it is expected that the price of Luoyang bearing steel will remain stable next week. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4550 yuan/ton, Daye Special Steel's GCr15 Φ 20-40 is quoted at 4600 yuan/ton, and Hegang Stone Steel's GCr15 Φ 131-180 is quoted at 4250 yuan/ton.

【Regarding steel mills】

From December 20th to December 27th, no steel mills have released any price adjustment information for this period. We should continue to pay attention to the impact of consumer demand and steel mill maintenance next week.

Ⅱ Next week's outlook

The market price of bearing steel has remained stable this week. The market trading atmosphere is relatively quiet, and the downstream demand in the off-season market may further weaken. Merchants are cautious about the future market, and most merchants control their bargaining space based on the order situation. Overall, it is expected that the market price of bearing steel will remain stable next week.