Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of January is Running steadily

Weekly Summary: 2025 China Bearing Steel Market Trend in Fourth Week of January is Running steadily

Ⅰ This week's review

【In terms of price】

This week, the price of bearing steel has been running steadily, and as of today, the absolute price index of GCr15 is 4960 yuan/ton.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market is temporarily stable, with low trading volume. At present, the spot of bearing steel in the Liaocheng market mainly comes from steel mills such as Juneng and Jiyuan, and the inventory of multiple traders remains above 500 tons. As the Spring Festival holiday approaches, downstream demand is gradually decreasing, and transactions are mainly driven by essential needs. At the same time, some businesses are doing pre holiday finishing work, mainly focusing on selling inventory to recover funds. In the short term, there is insufficient motivation for demand improvement, and it is expected that the price of bearing steel in the Liaocheng market will continue to operate steadily in the short term. Currently, Jiyuan Steel's GCr15 Φ 30-75 is priced at 4300 yuan/ton, while Juneng Special Steel's GCr15 Φ 16-90 is priced at 4080 yuan/ton.

The price of bearing steel in the Hangzhou market is running steadily, with weak transactions. In terms of spot inventory, Zhongtian Steel and Nanjing Steel have slightly abundant resources, while most traders maintain inventory levels of around 500 tons. As the Spring Festival holiday approaches, the market is gradually in a closed state, and market demand is sluggish. Some businesses are mainly selling off their funds at lower prices to recoup their profits. Due to the fact that most steel traders are on vacation, the market atmosphere is bleak. Overall, it is expected that the price of bearing steel in the Hangzhou market will remain stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 is quoted at 4230 yuan/ton, and Daye Special Steel's GCr15 Φ 20-40 is quoted at 4650 yuan/ton.

The price of bearing steel in the Wuxi market is currently stable and the market activity is low. In the Wuxi market, bearing steel products such as Zhongtian Steel and Xingcheng Special Steel are relatively abundant, and the inventory of most traders is maintained at about 800 tons. Compared with last week, the market sales this week are not significantly different, with sporadic shipments. As the end of the year approaches, most merchants have already taken a break, resulting in weakened demand and a lower trading atmosphere. Overall, it is expected that the price of bearing steel in the Wuxi market will remain weakly stable in the short term. The current quotation for GCr15 Φ 40-140 from Zhongtian Steel is 4230 yuan/ton, while the quotation for GCr15 Φ 31-90 from Xingcheng Special Steel is 5550 yuan/ton.

The price of bearing steel in Dalian market is running steadily, and the market activity has decreased. In the Dalian market, Benxi Iron and Steel, Dongte Shares, and Jianlong Beiman have abundant sources of goods, with large-scale traders maintaining inventory of around 3000 tons. At present, the market is gradually closing, with relatively cold transactions and sporadic shipments from merchants. It is expected that the price of bearing steel in the Dalian market will remain stable in the short term. Currently, Bengang Special Steel's GCr15 Φ 81-130 is priced at 4230 yuan/ton, Dongte Stock's GCr15 Φ 86-180 is priced at 4230 yuan/ton, and Jianlong Beiman's GCr15 Φ 30-75 is priced at 4280 yuan/ton.

The price of bearing steel in Luoyang market is temporarily stable, with weak transactions. Recently, there has been a relatively abundant supply of Jiyuan Steel, Daye Special Steel, and Hegang Stone Steel in the Luoyang market, with several traders holding around 1000 tons in stock. At present, most terminals have gone on vacation, market activity has weakened, downstream enterprises have insufficient procurement efforts, and transactions are weak. Considering the approaching year-end, the market is in a state of having value but no market, and it is expected that the price of Luoyang bearing steel will remain stable in the short term. As of the time of writing, Jiyuan Steel's GCr15 Φ 6.5-23 is quoted at 4500 yuan/ton, Daye Special Steel's GCr15 Φ 20-40 is quoted at 4600 yuan/ton, and Hegang Stone Steel's GCr15 Φ 131-180 is quoted at 4230 yuan/ton.

【Regarding steel mills】

From January 17th to January 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

The market price of bearing steel has remained stable this week. As the end of the year approaches, most merchants have already gone on vacation, and market activity has significantly decreased, with sporadic transactions. Overall, it is expected that the market price of bearing steel will continue to operate steadily in the short term.