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

Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of October 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, with a GCr15 absolute price index of 4877 yuan/ton as of today.

【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 falling by 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. At present, traders tend to be cautious and generally adopt a strategy of replenishing inventory as needed to reduce risks. 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 3790 yuan/ton.

The price of bearing steel in the Hangzhou market is stable but slightly weak. In terms of spot inventory, resources such as Zhongtian and Nangang have sufficient supply, and most traders' inventory remains stable at around 1000 tons. Currently, the overall downstream demand is weak, and terminal enterprises are cautious in their procurement. They are adopting a multi-dimensional on-demand procurement rhythm, resulting in weakened market support. Traders are generally cautious, and some traders have started to offer small discounts on certain specifications in order to promote transactions and alleviate inventory pressure. 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 4050 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, and the inventory of traders is generally maintained at about 800 tons. At present, the overall market transaction is sluggish, downstream purchasing willingness is insufficient, and terminal procurement generally maintains a "small order on-demand" model, resulting in sustained pressure on market prices. In summary, against the backdrop of no significant improvement in demand, the price of bearing steel in the Wuxi market may continue to stabilize 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. The current market situation indicates that local terminal enterprises continue to adopt an on-demand procurement strategy, and the overall supply and demand relationship is basically balanced. To promote shipment, spot prices generally 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 maintain a weak and stable trend. 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 had sufficient supply of Jiyuan Steel and Daye Special Steel resources, and the inventory of traders remains around 500 tons. This week, spot prices followed the market trend, and market prices were significantly suppressed by demand. Traders' quotes slightly declined, but transaction performance was mediocre. 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 28th to October 11th, 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. At present, the procurement mode of downstream industries such as automobiles and machinery manufacturing is still mainly based on on-demand procurement. Traders have weak expectations for the future market, so their willingness to ship is strong. Due to the pressure of shipping, some have made slight concessions, resulting in a price drop of 10-20 yuan/ton. Overall, it is expected that the price of bearing steel will fluctuate weakly next week.