Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of December is mainly Stable

Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of December is mainly Stable

1、 This week's review

In terms of price

This week, the price of bearing steel is mainly stable, 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 temporarily stable. The current market has ample spot supply, with stable arrivals from steel mills such as Juneng, Handan Iron and Steel, and Ausen. Traders' inventories are generally maintained at around 1000 tons. This week, the bearing steel market is still in a game stage, with a strong wait-and-see sentiment in the market. Some spot prices have shown slight upward signs, but there is room for negotiation in actual transactions. In terms of inventory, the market is replenishing inventory normally. Considering that some steel mills are optimizing their production lines, the supply pressure may be alleviated, and prices will receive slight support in the short term. It is expected that the price of bearing steel in Liaocheng market will remain stable next week. As of press time, Jiyuan Steel's GCr15 Φ 30-75 is quoted at 3970 yuan/ton, and Juneng Special Steel's GCr15 Φ 16-90 is quoted at 3690 yuan/ton.

The price of Hangzhou bearing steel market is weak and fluctuating. 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 overall inventory pressure in the market is at a moderate level, but the speed of inventory digestion is slow. The market mainly adopts an on-demand procurement strategy, with a low acceptance of high priced resources, and generally adopts a "single item negotiation" model. Overall, it is expected that the price of bearing steel in Hangzhou will face downward pressure in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 3980 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. Currently, the bearing steel market in Wuxi is going through a stage of supply-demand competition, and traders are becoming increasingly cautious and generally adopting a strategy of replenishing inventory on demand to reduce risks. The price performance of high-end products or specific specifications of bearing steel is relatively firm, while ordinary specifications face sales pressure, and market shipments follow the market trend. In terms of emotions, market research shows that most traders hold a stable view of the future market and maintain a cautious attitude. Overall, in the absence of substantial improvement in demand, the price of bearing steel in the Wuxi market may continue to be under pressure in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 3980 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. At present, the situation in the Northeast region continues to be weak and stable, with a slight decrease in actual market orders and shipment accompanying orders. In terms of inventory, as of Thursday this week, the social inventory in the market has temporarily decreased, and there has been little change in the inventory of steel mills. Overall, it is expected that the price of bearing steel in the Dalian market will continue to operate steadily without significant fluctuations in downstream demand in the short term. The current quotation for Bengang Special Steel GCr15 Φ 81-130 is 4080 yuan/ton, Dongte Stock GCr15 Φ 86-180 is 4080 yuan/ton, and Jianlong Beiman GCr15 Φ 30-75 is 4180 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. At present, downstream terminal consumption is generally average, with on-demand procurement as the main factor, which constitutes a key suppressing factor for price rebound. The shipment volume of traders is weaker than last week, and the social inventory remains at a reasonable level. The actual transactions are still mainly based on "single item negotiation". Overall, it is expected that the price of bearing steel will remain weakly stable in the short term. As of press time, Jiyuan Iron and Steel GCr15 Φ 6.5-23 is currently reported at 4280 yuan/ton, and Daye Special Steel GCr15 Φ 20-40 is currently reported at 4680 yuan/ton.

Regarding steel mills

From December 5th to December 12th, one steel mill in Japan released price adjustment information, with one price adjustment message. Next week, we need to continue to pay attention to the impact of consumer demand and steel mill maintenance.

2、 Next week's outlook

This week, the price of bearing steel in the national market is mainly stable. This week, spot prices followed the market trend, and terminals generally maintained a "small order on-demand" mode, with regional price differences narrowing slightly. On the supply side, due to the impact of some steel mills' production schedules recently, the supply pressure has slightly eased. However, considering the average demand performance, it is expected that the price of bearing steel will continue to be under pressure next week.