Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of April is running weakly

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of April is running weakly

1、 This week's review

In terms of price

This week, the price of bearing steel has been running weakly, with a GCr15 absolute price index of 4922 yuan/ton as of today.

Overview of Major Markets

The price of bearing steel in Liaocheng market is running weakly, and the demand release is not obvious. At present, the spot of bearing steel in the Liaocheng market mainly comes from steel mills such as Juneng, Handan Iron and Steel, and Benxi Iron and Steel, with inventory levels of over 1000 tons maintained by multiple traders. At present, downstream demand is flat, and the procurement pace of the mechanical manufacturing and automotive industries is slowing down. Market transactions are mainly based on small orders for essential needs. In order to promote transactions, market prices have slightly decreased, and overall market sentiment is cautious. Overall, it is expected that the price of bearing steel in Liaocheng market will remain weakly stable next week. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4220 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 3970 yuan/ton.

The price of bearing steel in the Hangzhou market is weakly stable, and downstream purchases are made according to demand. In terms of spot inventory, Zhongtian, Nangang, and Benxi Iron and Steel have slightly abundant resources, while most traders maintain inventory levels of about 800 tons. Affected by weak downstream demand, terminal enterprises have a low willingness to purchase, and the market trading atmosphere is relatively weak. Some traders offer small discounts of 20-30 yuan/ton to promote transactions. The steel mill maintains normal production, but the order volume has decreased and inventory has slightly increased. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is priced at 4150 yuan/ton, while Daye Special Steel's GCr15 Φ 20-40 is priced at 4610 yuan/ton.

The price of bearing steel in the Wuxi market is weak and consolidating, with average transactions. In the Wuxi market, Zhongtian, Bengang, Yonggang and other bearing steel products are relatively abundant, and most traders maintain inventory levels of about 1000 tons or more. Due to weak demand from downstream machinery manufacturing industry, the market transaction performance is average, and the pressure on traders to ship has increased. Merchants have lowered prices to promote a delivery of about 20-40 yuan/ton. Overall, it is expected that the price of bearing steel in the Wuxi market will continue to be under pressure in the short term. As of press time, the current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4150 yuan/ton, and the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5500 yuan/ton.

The price of bearing steel in the Dalian market is operating steadily, with average transactions. 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 1000 tons. At present, the demand for manufacturing in Northeast China is stable, and local terminal enterprises purchase according to demand, resulting in stable transaction performance. In terms of steel mills, the supply remains stable. Overall, it is expected that there will be no significant fluctuations in downstream demand in the short term, and it is expected that the price of bearing steel in the Dalian market will remain weak and stable in the short term. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4120 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4120 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4230 yuan/ton.

The price of bearing steel in Luoyang market is running weakly and steadily, with weak transactions. 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. Market trading maintains a pace of essential demand. Although the demand in the surrounding machinery manufacturing industry is still acceptable, local terminal enterprises are still cautious in procurement, and the shipment volume of traders remains the same as last week, while social inventory remains at a reasonable level. As the end of the month approaches, the financial pressure on traders is becoming apparent, leading to an increase in the phenomenon of discounted shipments. Overall, it is expected that the price of bearing steel in the Luoyang market will fluctuate narrowly next week. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4430 yuan/ton, Daye Special Steel's GCr15 Φ 20-40 is quoted at 4580 yuan/ton, and Hegang Stone Steel's GCr15 Φ 131-180 is quoted at 4210 yuan/ton.

Regarding steel mills

From April 18th to April 25th, 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.

2、 Next week's outlook

This week, the prices of bearing steel in the national market have been weak, with slight regional differentiation in trends. The demand side performance is average, with the mechanical and automotive industries purchasing on demand, and export orders slightly declining due to the weak overseas market. The market trading is cautious, and traders are more cautious, with transactions mainly focused on essential needs. Due to insufficient demand in some regions, mainstream quotations have been slightly reduced by around 20-40 yuan/ton. In the short term, under the game of weak cost support and demand, it is expected that the market price of bearing steel will continue to fluctuate narrowly next week.