Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of September is weak and stable

Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of September is weak and stable

1、 This week's review

In terms of price

This week, the price of bearing steel has been running weakly and steadily. 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 supply side remains stable. This week, prices have shown a stable to weak trend, and there are structural differences in the market. The prices of high-end products or specific specifications of bearing steel are relatively firm, while some ordinary specifications face certain sales pressure, resulting in a phenomenon of market price decline. It is expected that the price of bearing steel in Liaocheng market will fluctuate weakly next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is quoted at 4020 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is quoted at 3810 yuan/ton.

The price of bearing steel in the Hangzhou market is temporarily stable. 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. At present, the overall performance of downstream demand is average, and terminal enterprises are cautious in procurement, mostly purchasing according to demand. Market transactions are mainly based on small orders for essential needs. Traders tend to be cautious, and some merchants offer small discounts to facilitate transactions. Overall, it is expected that the price of bearing steel in Hangzhou will continue to fluctuate weakly in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4080 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. The inventory of traders is generally maintained at about 800 tons, and the social inventory is at a normal level. However, there have been recent cases of customers reducing inventory at low prices. According to customer feedback, the influx of external resources has led to an increase in market resources and intensified price competition. But downstream acceptance is limited, which suppresses the room for price increases. At present, terminal procurement is mainly based on "small orders on demand", and market prices continue to be under pressure. Overall, against the backdrop of poor demand improvement, the price of bearing steel in the Wuxi market is expected to remain stable and weaken in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4080 yuan/ton, and Xingcheng Special Steel's GCr15 Φ 31-90 quotation is 5570 yuan/ton.

The price of bearing steel in the Dalian market has remained stable with a slight decrease. 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. According to the current market situation, local terminal enterprises continue to adopt an on-demand procurement strategy, and the market supply and demand relationship is relatively balanced. In order to ship more goods, spot prices tend to follow the market trend. 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 be weakly 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 4190 yuan/ton.

The price of bearing steel in Luoyang market is running weakly and steadily. 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. At present, the procurement mode of downstream industries such as automobiles and machinery manufacturing is mainly based on on-demand procurement. There may be external resources invested in the near future, but merchants are cautious and have a neutral view of the market in the later stage. Overall, if the demand remains stable, it is expected that the short-term price of bearing steel will mainly remain stable, and the pressure on prices may improve. 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 September 5th to September 12th, a total of one steel mill released price adjustment information, with a total of one release. 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 national bearing steel market prices have been running weakly and steadily. Given the recent neutral and weak sentiment of merchants towards the future market, traders have a strong willingness to ship, and some have made slight concessions due to shipping pressure, resulting in a slight decline in prices. Terminal procurement still adheres to the "small orders on demand" strategy, and it is expected that the price of bearing steel will fluctuate weakly next week.