Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of August is Stable

Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of August is Stable

1、 This week's review

In terms of price

This week, the price of bearing steel has been stable with a trend towards strength. As of today, the absolute price index of GCr15 is 4872 yuan/ton.

Overview of Major Markets

The price of bearing steel in Liaocheng market is stable with a moderate to strong trend. 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 1000 tons. As a gathering place for the bearing industry, the Liaocheng market has experienced relatively frequent changes in market prices, and has recently shown a stable to strong trend. The demand side is supported by the release of downstream bearing manufacturing industry capacity, and the purchasing enthusiasm is still acceptable. Affected by fluctuations in raw material prices and environmental policies, some steel mills have tightened their supply, while market inventory remains at a median level, supporting firm quotations. Overall, it is expected that the price of bearing steel in Liaocheng market will remain stable next week, with range fluctuations. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4020 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 3880 yuan/ton.

The price of bearing steel in the Hangzhou market is currently stable, with average transactions. In terms of spot inventory, Zhongtian Steel and Nanjing Steel have slightly abundant resources, while most traders maintain inventory levels of approximately 900 tons. The overall trading activity in the market this week is not high, and downstream demand is still mainly based on on-demand procurement. Some high-end resources have slightly increased in price due to tight supply. Affected by the cost support of steel mills and the shortage of some specifications, low-priced resources in the market have decreased, and traders have a strong willingness to raise prices. However, downstream acceptance of high prices is limited, and transactions are mainly based on on-demand procurement, resulting in a strong wait-and-see sentiment in the 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 quoted at 4120 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4720 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, given the tight production forecast of steel mills, businesses have improved their expectations for the future market. Overall, it is expected that the price of bearing steel in the Wuxi market will remain stable in the short term. The current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4120 yuan/ton, while the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5580 yuan/ton.

The price of bearing steel in Dalian market is running weakly, and merchants are cautious in purchasing. Benxi Iron and Steel and Dongte Shares have abundant supply in the Dalian market, with large-scale traders maintaining inventory of around 1000 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 4100 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4100 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4210 yuan/ton.

The price of bearing steel in Luoyang market is weakly stable, and downstream purchases are made according to demand. Recently, the supply of Jiyuan 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 4340 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4690 yuan/ton.

Regarding steel mills

From August 8th to August 15th, 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 remained stable this week. This week's spot prices have followed the market trend, and the price difference between regions has narrowed. Affected by high raw material prices and some steel mills' production schedules, the market supply is tight, and traders have a strong willingness to raise prices. At present, the demand is relatively stable, but the transaction of high priced resources has slowed down, and downstream enterprises are purchasing as needed. 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 fluctuate within a range next week.