Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of October has fluctuated and fallen

  Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of October has fluctuated and fallen

1、This week's review

【In terms of price】

This week, the price of bearing steel fluctuated and fell, and as of today, the absolute price index of GCr15 is 4867 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market is fluctuating and falling. 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 showing a fluctuating downward trend, with the transaction price of bearing rods dropping by about 30 yuan/ton and the transaction price of bearing wires dropping by about 10 yuan/ton. However, the prices of high-end products or specific specifications of bearing steel remain relatively firm, while some ordinary specifications are under certain sales pressure. At present, traders tend to be cautious and generally adopt a strategy of replenishing inventory as needed to reduce risks. Overall, it is expected that the price of bearing steel in Liaocheng market will show a weak trend next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is quoted at 4000 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is quoted at 3740 yuan/ton.

The market price of bearing steel in Hangzhou shows a stable to weak pattern. In terms of spot inventory, mainstream resources such as Zhongtian and Nangang have sufficient supply, and most traders' inventory remains stable at the level of thousands of tons. At present, the weak downstream terminal consumption and low purchasing willingness are the core suppressing factors that restrict price rebound. The overall mentality of traders tends to be cautious, and some merchants have adopted small concessions on certain specifications of resources in order to accelerate transactions and alleviate inventory pressure. Overall, it is expected that the price of bearing steel in Hangzhou will continue to remain weakly stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4000 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 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. The overall downstream demand is weak, and terminal enterprises have a cautious attitude towards procurement, generally maintaining a pace of on-demand procurement, resulting in weakened market support. Terminal procurement generally maintains the "small order on-demand" model, and some resources have experienced significant price drops due to high inventory pressure. Overall, against the backdrop of no significant improvement in demand, the price of bearing steel in the Wuxi market may continue to be weak in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 4000 yuan/ton, and Xingcheng Special Steel's GCr15 Φ 31-90 quotation is 5560 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 scale of large-scale traders is maintained at around 1500 tons. The current weak downstream terminal consumption and low purchasing willingness are the core suppressing factors that constrain price rebound. Local terminal enterprises continue to adopt on-demand procurement strategies, 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 have fluctuated downward with the mainstream trend, and weak demand has had a significant suppressive effect on market prices. Traders' quotes have slightly loosened, but the actual trading atmosphere is still relatively light. It is expected that the price of bearing steel will maintain a weak stable pattern in the short term. As of press time, Jiyuan Iron and Steel GCr15 Φ 6.5-23 is currently reported at 4300 yuan/ton, Daye Special Steel GCr15 Φ 20-40 is currently reported at 4680 yuan/ton, and Hegang Stone Steel GCr15 Φ 131-180 is currently reported at 4200 yuan/ton.

【Regarding steel mills】

From October 19th to October 24th, 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.

Ⅱ Next week's outlook

This week, the national bearing steel market prices have been running weakly. At present, downstream industries such as automobiles and machinery manufacturing generally adopt on-demand procurement strategies, lacking proactive stocking power. Traders generally have weak expectations for the future, so they have a strong willingness to actively ship. Due to inventory pressure, some merchants have made slight discounts and promotions, resulting in a price drop of 20-30 yuan/ton. Based on the comprehensive analysis of supply and demand, it is expected that the price of bearing steel will maintain a fluctuating and weak pattern next week.