Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of September is fluctuating and running strongly

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of September is fluctuating and running strongly

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. The current bearing steel market is generally weak and stable, with transaction prices dropping by about 10-20 yuan/ton. However, the prices of high-end products or specific specifications of bearing steel are relatively firm, while some ordinary specifications face certain sales pressure. Before the National Day holiday, customers showed a serious wait-and-see attitude and slightly lacked confidence in the post holiday market. 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 3800 yuan/ton.

The price of bearing steel in the Hangzhou market is weakly stable. In terms of spot inventory, resources such as Zhongtian and Nangang 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 their procurement and tend to purchase on demand, which has weakened the market's support. Traders have a cautious mentality, and some merchants have resorted to offering small discounts to reduce inventory pressure in order to promote 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 4060 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 quotation is 4720 yuan/ton.

The mainstream price of bearing steel in the Wuxi market is relatively 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 before the National Day holiday. However, the overall transaction situation in the market is poor, and the enthusiasm for downstream procurement is not high. Currently, 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 4050 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 mainly stable. 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. 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. This week, spot prices followed the market trend, and market prices were significantly suppressed by demand. Traders' quotes fell narrowly, but transaction performance was average. It is expected that the price of bearing steel will remain weak and stable in the short term. As of press time, Jiyuan Iron and Steel GCr15 Φ 6.5-23 is currently reported at 4330 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 19th to September 28th, a total of three steel mills released price adjustment information, with a total of three 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 national bearing steel market prices have been running weakly and steadily. At present, the procurement mode of downstream industries such as automobiles and machinery manufacturing is mainly based on on-demand procurement. At this stage, traders have a strong willingness to ship, and some have made slight concessions due to shipping pressure, resulting in a price drop of about 10-20 yuan/ton. Overall, it is expected that the price of bearing steel will fluctuate weakly next week.