Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of July is Rising

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of July is Rising

1、 This week's review

【In terms of price】

This week, the price of bearing steel has risen, and as of today, the absolute price index of GCr15 is 4857 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market has risen. At present, there is sufficient spot resources of bearing steel in the Liaocheng market, with stable arrivals from steel mills such as Juneng, Handan Iron and Steel, and Ausen. Traders generally have inventory of 1500 tons, and the supply is relatively stable. The Liaocheng area is a gathering place for bearings, with price fluctuations ranging from 30 yuan to 60 yuan/ton due to recent cost changes, and a fast response speed. However, the increase in demand orders for downstream machinery manufacturing and automotive industries is not significant, and transactions are average. Overall, it is expected that the price of bearing steel in Liaocheng market will fluctuate next week. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4070 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 3830 yuan/ton.

The price of bearing steel in the Hangzhou market has slightly increased. In terms of spot inventory, resources such as Zhongtian, Nangang, and Benxi Iron and Steel have abundant supply, and most traders maintain inventory at around 1000 tons. At present, the high temperature and rainy season continue to suppress construction, making it difficult to significantly improve demand. However, the overall inventory pressure in the market is still acceptable, coupled with the introduction of external resources, and the increase in market resources leads to obvious price competition. Overall, it is expected that the price of bearing steel in the Hangzhou market will remain stable next week. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is quoted at 4100 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4670 yuan/ton.

The price of bearing steel in the Wuxi market has slightly increased. In the Wuxi market, major steel mills such as Zhongtian, Nangang, Benxi Iron and Steel, Yonggang, etc. have sufficient supply, and traders' inventory is generally maintained at over 1000 tons. Social inventory is at a normal level, and traders' inventory is sufficient. There is a significant backlog of small and medium-sized resources, coupled with the impact of hot and rainy weather, further limiting the demand for manufacturing. However, due to cost increases, prices have risen by about 30-50 yuan/ton. Overall, it is expected that the price of bearing steel in the Wuxi market will remain stable in the short term. As of press time, the current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4100 yuan/ton, and the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5550 yuan/ton.

The price of bearing steel in the Dalian market is stable but increasing. The main steel mills in the Dalian market have sufficient supply of resources such as Benxi Iron and Steel, Dongte, and Jianlong Beiman. Large scale traders maintain inventory of around 1000 tons. According to the current market situation, local terminal enterprises continue to purchase on demand, and the market supply and demand relationship is relatively balanced. Due to the rise in futures and raw material prices, prices have increased by about 30 yuan/ton. In terms of steel mills, supply remains stable. Overall, it is expected that downstream demand will remain stable in the short term, and the price of bearing steel in the Dalian market may remain stable. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4140 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4130 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4240 yuan/ton.

The price of bearing steel in Luoyang market has slightly increased, with average 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. The market trading continues the tone of essential demand. Although the demand in the surrounding machinery manufacturing industry is stable, local terminal enterprises still maintain a cautious attitude towards procurement. The shipment volume of traders remains at last week's level, and social inventory is within a reasonable range. Market sentiment shows signs of improvement with the impact of the market. However, the high temperature and rainy season suppress construction demand, and it is expected that prices will remain stable. In the later stage, demand support will be formed by cost support and high-end manufacturing increment. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4340 yuan/ton, Daye Special Steel's GCr15 Φ 20-40 is quoted at 4620 yuan/ton, and Hegang Stone Steel's GCr15 Φ 131-180 is quoted at 4190 yuan/ton.

【Regarding steel mills】

From July 18th to July 25th, three steel mills in Japan released price adjustment information, with a total of three price adjustments. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

2、 Next week's outlook

The price of bearing steel in the national market has risen this week. This week, spot prices followed the market trend, and market prices were affected by market costs, with prices rising by 30-70 yuan/ton. However, the actual demand did not increase significantly, and actual transactions were discussed on a case by case basis. Market sentiment remained neutral and strong towards the later stage. Overall, it is expected that the market price of bearing steel will remain stable and fluctuate within a range next week.