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

Weekly Summary: 2025 China Bearing Steel Market Trend in Fifth 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, the market has sufficient spot resources, and steel mills such as Juneng, Handan Iron and Steel, and Ausen have stable arrivals. Traders' inventories are generally maintained at around 1000 tons, and the overall supply side is stable. As a gathering place for the bearing industry, the price in Liaocheng area has quickly responded to recent cost changes, with an increase ranging from 30-60 yuan/ton. However, the growth rate of downstream machinery manufacturing and automotive industry demand orders is limited, and the transaction performance is mediocre. It is expected that the price of bearing steel in Liaocheng market may fluctuate next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is quoted at 4070 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is quoted at 3840 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 sufficient supply, and most traders' inventory remains stable at around 1000 tons. The current high temperature and rainy season continue to suppress construction progress, making it difficult to significantly improve demand. However, the overall inventory pressure in the market is controllable, coupled with external resource inflows leading to an increase in market resources and intensified 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 quotation is 4110 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 quotation is 4690 yuan/ton.

The price of bearing steel in the Wuxi market is steadily rising. The main steel plant resources in the local market, such as Zhongtian, Nangang, Benxi Iron and Steel, Yonggang, etc., have stable supply, and the inventory of traders is generally maintained at over 1300 tons. The overall inventory is sufficient, and the social inventory is at a normal level. The current phenomenon of small-scale resource backlog is obvious, coupled with the constraints of high temperature and rainy weather on the release of manufacturing demand. However, due to the strengthening of cost support, the price has risen narrowly by about 50 yuan/ton. Overall, the price of bearing steel in the Wuxi market is expected to fluctuate in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4110 yuan/ton, and Xingcheng Special Steel's GCr15 Φ 31-90 quotation is 5560 yuan/ton.

The price of bearing steel in Dalian market is running steadily. The main steel mills in the Dalian market, including Benxi Iron and Steel, Dongte, and Jianlong Beiman, have sufficient overall supply, and the inventory of large-scale traders is maintained at around 1500 tons. The current market situation shows that local terminal enterprises continue to adopt an on-demand procurement strategy, and the market supply and demand relationship is relatively balanced. Although prices have risen in the surrounding areas due to cost and futures factors, considering the local demand and transaction situation, prices are temporarily 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. The current quotation for Bengang Special Steel GCr15 Φ 81-130 is 4130 yuan/ton, Dongte Stock GCr15 Φ 86-180 is 4130 yuan/ton, and Jianlong Beiman GCr15 Φ 30-75 is 4240 yuan/ton.

The price of bearing steel in Luoyang market is temporarily stable. Recently, the local market has relatively abundant supply of Jiyuan Steel and Daye Special Steel resources, and the inventory of traders remains at around 500 tons. Market transactions continue to be dominated by rigid demand. Although the demand in the surrounding machinery manufacturing industry is stable, local terminal enterprises are still cautious in their procurement, and the shipment volume of traders remains at a reasonable level. The market sentiment has slightly rebounded due to the impact of the market, but considering the seasonal high temperature that suppresses construction demand, it is difficult to significantly increase prices. It is expected that the short-term bearing steel price will remain stable. As of press time, Jiyuan Iron and Steel GCr15 Φ 6.5-23 is currently reported at 4340 yuan/ton, Daye Special Steel GCr15 Φ 20-40 is currently reported at 4690 yuan/ton, and Hegang Stone Steel GCr15 Φ 131-180 is currently reported at 4200 yuan/ton.

Regarding steel mills

From July 25th to August 1st, a total of 9 steel mills released price adjustment information, with a total of 9 announcements. Next week, we should continue to pay attention to the impact of consumer demand and steel mill maintenance.

2、 Next week's outlook

This week, the prices of bearing steel in the national market have remained stable with some increase. The spot price has slightly increased in line with the market trend, generally rising by around 30-50 yuan/ton. However, the actual demand increment is limited and difficult to support long-term high levels. Under the game of cost support and weak demand, it is expected that the price of bearing steel will fluctuate narrowly next week.