Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of March has slightly Decreased

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of March has slightly Decreased

1、 This week's review

【In terms of price】

This week, the price of bearing steel has slightly decreased, and as of today, the absolute price index of GCr15 is 4960 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market is running weakly and steadily, and the mentality of merchants is conservative. At present, the spot of bearing steel in the Liaocheng market mainly comes from steel mills such as Juneng and Qinggang, and the inventory of multiple traders remains above 800 tons. At present, the market demand is average, and the terminal continues to make essential purchases. The weak demand has led to a slight decline in spot prices, and some traders are selling at low prices. Overall, it is expected that the price of bearing steel in Liaocheng market will remain stable next week. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4300 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 4080 yuan/ton.

The price of bearing steel in the Hangzhou market is running weakly and steadily, with average transactions. In terms of spot inventory, Zhongtian Steel and Nanjing Steel have slightly abundant resources, while most traders maintain inventory levels of around 700 tons. The overall trading activity in the market this week is not high, and downstream demand is still mainly based on on-demand procurement. Market prices are stable with a slight decrease. Emotionally, merchants maintain a cautious attitude towards the future market. Overall, it is expected that the price of bearing steel in the Hangzhou market will experience narrow fluctuations in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is reported at 4220 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is reported at 4620 yuan/ton.

The price of bearing steel in the Wuxi market is currently stable, and the market is actively shipping. In the Wuxi market, bearing steel products such as Zhongtian Steel and Xingcheng Special Steel are relatively abundant, and most traders maintain inventory levels of about 800 tons or more. At present, spot trading performance is poor, and traders' quotations are mainly stable except for bulk order prices, which can be negotiated. In terms of emotions, businesses have weakened their expectations for the future market and generally focus on fast in and fast out. 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 4220 yuan/ton, while the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5540 yuan/ton.

The price of bearing steel in Dalian market is running weakly, and merchants are cautious in purchasing. 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. At present, the market is cautious in procurement, with few bulk orders and average business transactions, with a focus on "single item negotiation". In terms of emotions, given the average market performance, merchants are cautious in their operations and have a clear wait-and-see attitude. Overall, it is expected that the price of bearing steel in the Dalian market will fluctuate narrowly in the short term. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4210 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4200 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4200 yuan/ton.

The price of bearing steel in Luoyang market is running weakly, and downstream purchases are made according to demand. Recently, the supply of Jiyuan Steel and Daye Special Steel in the Luoyang market has been relatively abundant, with multiple traders holding around 500 tons in stock. Downstream terminals and traders both choose to make essential purchases, resulting in slow market demand release and poor high-level transactions. In terms of inventory, due to weak demand, the consumption rate of inventory is slow, and there are complete specifications available on the market. Overall, it is expected that the price of bearing steel in the Luoyang market will show a slight weakening next week. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4480 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4560 yuan/ton.

【Regarding steel mills】

From March 14th to March 21st, no steel mills have released price adjustment information for this period. We should continue to pay attention to the impact of consumer demand and steel mill maintenance next week.

2、 Next week's outlook

The market price of bearing steel has slightly decreased this week. This week, spot prices followed the market trend, and market prices were significantly suppressed by demand. Traders' quotes fell narrowly, but transaction performance was average. Emotionally, merchants adopt a cautious and wait-and-see attitude towards the future market. Overall, it is expected that the market price of bearing steel will experience weak consolidation next week.