Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of June is slightly Down

1. Review this week

【Price】

This week bearing steel prices continued a slight downward trend, as of today GCr15 absolute price index is 4925 yuan / ton.

【Main Market Overview】

At present, there are insufficient orders for downstream machinery, automobiles and other major steel industries, procurement is mainly based on "small orders only need", lack of batch reserve power. Overlapping, Chatecheng is in a bearing steel concentrated area, the market is fierce competition, traders in order to ship more, the overall price continues to fall about 30 yuan / ton compared to last week, the bottom of the lack of batch actual support.

Hangzhou bearing steel prices are weak. In terms of spot inventory, Zhongtian, Nan Steel, Henan Steel and other resources are abundant, and most traders' inventory is maintained at about 1,000 tons. Currently, the demand-side procurement continues to be cautious, and traders' feedback on the overall transaction is weak, and there are fewer batch orders on the market. Although the demand in the field of new energy vehicles has been good for a long time, the effect of transmission to the bearing steel procurement is limited.

In the Wuxi market, the main steel plant resources of Tian, Nan Steel, Hen Steel, Yong Steel and so on are abundant, trader inventory is generally maintained at the level of more than 1000 tons, and social inventory is at the normal level. Terminal procurement continues to be cautious, trader feedback on the overall transaction in general, downstream machinery, automotive and other industry orders are mainly based on "small batches, on-demand procurement", there are no signs of concentrated replenishment.

Dalian market bearing steel prices are weak and stable. The main steel factory resources in Dalian market are abundant, and large-scale trade store inventory remains at about 1,000 tons. Currently, prices in the Northeast region are generally stable, but some merchants have slightly decreased quotations to facilitate transactions.

Luoyang bearing steel market is weak and stable operation, weak transaction. Recently in Luoyang market of Jiyuan steel, Daemetute steel supply is relatively abundant, many traders inventory of about 500 tons. Luoyang bearing steel market is affected by the shock of low price resources in the surrounding market and weak local demand, traders shipping pressure increased, some traders reduced by 20 yuan / ton to facilitate the transaction, but the market procurement pace slowed down. Overall, it is expected that the short-term bearing steel spot price will continue to weak and stable trend. As of the release, Jiyuan steel GCr15Φ6.5-23 reported 4410 yuan / ton, Daemetute steel GCr15Φ20-40 reported 4630 yuan / ton, Hefei steel GCr15Φ131-180 reported 4200 yuan / ton.

【Steel factory】

From June 20 to June 27, a total of one steel plant issued price adjustment information, cumulatively issued one article, and next week should continue to pay attention to consumer demand and the impact of steel plant repairs.

2. Next week outlook

This week, the national bearing steel market price continued to fall slightly. At present, downstream procurement momentum released relative restraint, more on-demand procurement, traders stock incentive weakened, the market mentality is cautious, the market as a whole is in a "weak balance" state, it is expected that the short-term bearing steel market price support is weak, the market price is stable and weak operation.