Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of August Fluctuates narrowly

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of August Fluctuates narrowly

1、 This week's review

In terms of price

This week, the price of bearing steel fluctuated narrowly, and 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 running weakly and steadily. 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. Currently in the off-season of traditional demand, coupled with the impact of high temperature weather, downstream bearing manufacturing enterprises have weak purchasing intentions, mostly relying on "on-demand procurement". However, as a hub for the bearing industry, Liaocheng has quickly responded to recent cost changes in the area, providing some price support. 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 will maintain a weak and stable trend next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is reported at 4030 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is reported at 3820 yuan/ton.

The price of bearing steel in the Hangzhou market has slightly decreased. 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 market atmosphere in Hangzhou is weak, with major circulating steel mills lowering their prices by 10-20 yuan/ton. 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, and the influx of external resources has led 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 and fluctuate within a range next week. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4120 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 quotation is 4700 yuan/ton.

The mainstream price of bearing steel in the Wuxi market remains stable, with some resources experiencing slight fluctuations. 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 around 800 tons. The overall inventory is sufficient, and the social inventory is at a normal level. The trading atmosphere in the market is average, with downstream purchases made on demand, resulting in weak overall transaction performance. Some traders, in order to promote shipments, can actually negotiate prices to facilitate transactions. 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 5570 yuan/ton.

The price of bearing steel in Dalian market is running weakly and 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 scale 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, with prices being negotiated on a single basis. 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 4090 yuan/ton, Dongte Stock GCr15 Φ 86-180 is 4090 yuan/ton, and Jianlong Beiman GCr15 Φ 30-75 is 4200 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 prices are temporarily stable. Overall, it is expected that the short-term price of bearing steel 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 4700 yuan/ton, and Hegang Stone Steel GCr15 Φ 131-180 is currently reported at 4200 yuan/ton.

Regarding steel mills

From August 15th to August 22nd, 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

This week, the prices of bearing steel in the national market fluctuated. At present, traders have a strong willingness to ship but weak transaction volume. Terminal procurement is mainly based on "small orders on demand", which leads to cautious operation of traders. Most of them adopt the strategy of "replenishing inventory on demand", and their willingness to actively stockpile goods is not strong to avoid the risk of inventory depreciation. Moreover, market sentiment remains neutral and wait-and-see in the later stage. However, considering the policy changes, it is expected that the price of bearing steel will continue to fluctuate narrowly next week, with limited upper and lower space.