CBCC

03 December 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

03 Dec,2025

2025 China Bearing Round Steel Price from Different Steel Mills on December 03

03 Dec,2025

02 December 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

02 Dec,2025

2025 China Bearing Round Steel Price from Different Steel Mills on December 02

02 Dec,2025

01 December 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

01 Dec,2025

2025 China Bearing Round Steel Price from Different Steel Mills on December 01

01 Dec,2025

28 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

28 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 28

28 Nov,2025

27 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

27 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 27

27 Nov,2025

26 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

26 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 26

26 Nov,2025

25 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

25 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 25

25 Nov,2025

24 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

24 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 24

24 Nov,2025

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of November is running weakly and steadily

23 Nov,2025

Weekly Summary: 2025 China Bearing Steel Market Trend in Third Week of November is running weakly and steadily

1、 This week's review

【In terms of price】

This week, the price of bearing steel has remained stable, with an absolute GCr15 price index of 4867 yuan/ton as of today.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market has fluctuated downward. At present, the market has sufficient spot resources, and steel mills such as Juneng, Handan Iron and Steel, Ausen, and Ronggang have stable arrivals. Traders' inventories are generally maintained at around 1000 tons, and the supply side remains stable. At present, the Liaocheng bearing steel market is in a supply-demand game stage, and traders are becoming more cautious, generally adopting a strategy of replenishing inventory on demand to reduce risks. The prices of high-end products or specific specifications of bearing steel are relatively firm, while some ordinary specifications face certain sales pressure, and the market ships along with them. It is expected that the price of bearing steel in Liaocheng market will fluctuate narrowly 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 3700 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, downstream terminal consumption lacks momentum, procurement willingness is sluggish, and the market lacks bulk orders. The price of high-end products or specific specifications of bearing steel still has resilience, while some ordinary specification products are under pressure and have a downward trend in price. Overall, it is expected that the price of bearing steel in Hangzhou will remain weak and stable 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. At present, the demand for orders in downstream terminal industries such as automobiles, home appliances, and machinery manufacturing has not increased. The market is mainly based on on-demand procurement, and the acceptance of high priced resources is limited. The overall mentality of traders is becoming more cautious. Some merchants have taken small concession measures for some regulated resources to accelerate transactions and alleviate inventory pressure. Overall, in the absence of substantial 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 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 support for upstream raw material prices has weakened, and the driving effect on the cost side has slowed down. Downstream terminal consumption is generally average, with on-demand procurement being the main factor, which constitutes a key suppressing factor for price rebound. Resulting in lukewarm market transactions, making it difficult to form strong support for prices. 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. Local terminal enterprises mainly purchase in small quantities for essential needs. 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 4290 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 November 14th to November 21st, 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.

2、 Next week's outlook

This week, the national bearing steel market prices have been running weakly and steadily. Given the recent neutral and weak wait-and-see attitude of merchants towards the future market, traders have a strong willingness to ship, and some have slightly reduced prices for promotions due to shipping pressure, resulting in a slight drop in prices. Terminal procurement still adheres to the "small order on-demand" procurement strategy, and it is expected that the price of bearing steel will fluctuate weakly next week.

21 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

21 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 21

21 Nov,2025

20 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

20 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 20

20 Nov,2025

19 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

19 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 19

19 Nov,2025

18 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

18 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 18

18 Nov,2025

17 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

17 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 17

17 Nov,2025

Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of November is temporarily Stable

14 Nov,2025

Weekly Summary: 2025 China Bearing Steel Market Trend in Second Week of November is temporarily Stable

1、 This week's review

【In terms of price】

This week, the price of bearing steel has remained stable, with an absolute GCr15 price index of 4867 yuan/ton as of today.

【Overview of Major Markets】

The price of bearing steel in Liaocheng market has fluctuated downward. At present, the market has sufficient spot resources, and steel mills such as Juneng, Handan Iron and Steel, Ausen, and Ronggang have stable arrivals. Traders' inventories are generally maintained at around 1000 tons, and the supply side remains stable. At present, the Liaocheng bearing steel market is in a supply-demand game stage, and traders are becoming more cautious, generally adopting a strategy of replenishing inventory on demand to reduce risks. The price of high-end products or specific specifications of bearing steel still has resilience, while some ordinary specification products are under pressure and have a downward trend in price. Overall, it is expected that the price of bearing steel in Liaocheng market will remain weak and stable 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 3710 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 lack of downstream terminal consumption power, sluggish purchasing willingness, and the lack of bulk orders in the market are key factors restricting price rebound. The overall mentality of traders is becoming more cautious, and some merchants have taken small concession measures for some specifications of resources to accelerate transactions and alleviate inventory pressure. Overall, it is expected that the price of bearing steel in Hangzhou will remain weak and stable 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. The overall bearing steel market in Wuxi is showing a trend of oscillation and weak operation. At present, the demand for orders in downstream terminal industries such as automobiles, home appliances, and machinery manufacturing has not experienced explosive growth, and is mainly based on on-demand procurement. The acceptance of high priced resources is limited, resulting in lukewarm market transactions and difficulty in forming strong support for prices. Overall, in the absence of substantial 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 3990 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 support for upstream raw material prices has weakened, and the driving effect on the cost side has slowed down. The weak downstream terminal consumption and weak purchasing willingness constitute the key suppressing factors for price rebound. Local terminal enterprises mainly purchase in small quantities for essential needs, which makes it difficult to digest market resources. 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. To promote shipment, spot prices generally fluctuate with market conditions. 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 4290 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 7th to November 14th, 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.

2、 Next week's outlook

This week, the national bearing steel market prices have remained stable. Currently, downstream industries such as automobiles and machinery manufacturing generally implement on-demand procurement strategies, lacking the motivation to proactively stock up. Traders generally have weak expectations for the future market, resulting in a high willingness to ship. Some merchants are offering small discounts due to inventory pressure. Overall, it is expected that the price of bearing steel will maintain a weak and volatile trend next week.

14 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

14 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 14

14 Nov,2025

13 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

13 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 13

13 Nov,2025

12 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

12 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 12

12 Nov,2025

11 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

11 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 11

11 Nov,2025

10 November 2025 Bearing Round Steel and Bar Steel Price in Major Steel Mills of China

10 Nov,2025

2025 China Bearing Round Steel Price from Different Steel Mills on November 10

10 Nov,2025

Monthly Summary: The market price of bearing steel may be fluctuate and weaken in November

09 Nov,2025

Monthly Summary: The market price of bearing steel may be fluctuate and weaken in November Overview: From January to September 2025, the crude steel production of domestic bearing steel decreased by 2.73% year-on-year, while the production of bearing steel increased by 1.83% year-on-year. Looking back at the market situation in October, the overall operation pattern of the national bearing steel market is characterized by "local pressure and supply-demand game". But traders voluntarily offered discounts to ease inventory pressure, leading to a "dilemma of ups and downs" in the market. The market prices show significant differentiation, with high-end product prices relatively firm, while ordinary continuous casting faces sales pressure. As of now, the absolute price index of domestic bearing steel is 4867 yuan/ton, a decrease of 10 yuan/ton or 0.2% from the beginning of the month. Overall, it is expected that the market price of bearing steel in November may fluctuate and weaken.Ⅰ Domestic production of bearing steel1. Bearing steel production from January to September 2025: crude steel decreased year-on-year, steel increased year-on-yearAccording to statistics from the Special Steel Association, the crude steel production of bearing steel by major special steel enterprises in China from January to September 2025 was 3.66 million tons, a decrease of 2.73% compared to the same period last year; The production of bearing steel by major special steel enterprises in China from January to September 2025 was 3.36 million tons, an increase of 1.83% compared to the same period last year.2. Bearing steel production in October 2025: Steel production increases month on monthAccording to the 21 samples collected by the Bearing Steel Research Group, the production of bearing steel by major special steel enterprises in China in October 2025 was 377300 tons. Among them, 285600 tons of rods accounted for 75.7%; 9.17 million tons of wire, accounting for 24.3%. According to the 28 samples (7 new) collected by the Bearing Steel Research Group, the production of bearing steel by major special steel enterprises in China in August 2025 was 435600 tons. Among them, there are 328400 tons of rods, accounting for 75.39%; 107200 tons of wire, accounting for 32.64%.According to the research sample, it can be seen that the number of bearing steel bars in October decreased compared to the previous month, while the number of wire rods increased compared to the previous month. Combined with the maintenance of bearing steel production enterprises in September and the resumption of production in October, it will affect some of the output.3. From January to September 2025, the output of finished materials of various bearing steel production enterprises: the total output of steel mills increased slightlyAt present, the production enterprises with large output of bearing steel are CITIC Special Steel (Xingcheng Special Steel, Daye Special Steel, Qingdao Special Steel), Jiyuan Steel, and Juneng, accounting for 67.97% of the total output. The overall production of bearing steel increased slightly from January to September 2025, with production from steel mills such as CITIC, Benxi Iron and Steel, and Jiangsu Yonggang increasing compared to the same period last year. Production from steel mills such as Juneng, Zhongtian, Jianlong Beiman, and Shigang all decreased compared to the same period last year.Ⅱ Price performance of domestic bearing steel marketThe overall performance of the bearing steel market price in October was weak and stable, accompanied by local fluctuations and a downward trend. This month, the market was dominated by weak downstream demand and increased pressure on traders to ship, resulting in limited price fluctuations ranging from around 20-50 yuan/ton. This was particularly evident in the mid to late stages, with some regions experiencing a decline in bearing steel market prices. At present, the market mentality is gradually turning bearish, only looking at downstream industries such as automobiles and machinery combined with the "Double Eleven" promotion situation, which may provide bottom support for prices. Overall, it is expected that the market price of bearing steel will continue to fluctuate downward in November.Ⅲ Related market information1. Raw material pricesThe 62% Australian flour forward price index is $106.25 per dry ton, an increase of $2.9 per dry ton from the beginning of the month, with a growth rate of 2.81%. From a fundamental perspective, the supply and demand of iron ore have both increased. On the supply side, the global iron ore transportation volume slightly increased month on month to 33.335 million tons, which is at a higher level than the same period in previous years. This year, the cumulative year-on-year increase is 19.11 million tons; The arrival volume of 47 MTR ore at the port has dropped to 26.763 million tons compared to the previous period. On the demand side, the daily average of molten iron in this period was 2.399 million tons, a decrease of 10500 tons compared to the previous period. Due to the continuous decline in finished product prices, the scope of losses for steel mills has further expanded, and the profitability of 247 sample steel mills has dropped to the lowest level this year, with a month on month decline of 47.62%. On the inventory side, China's 47 port railway ore inventory has accumulated 1.476 million tons month on month, currently at 151 million tons. Looking ahead to next week, on the supply side, the global iron ore shipping volume will decrease month on month, and the arrival volume will decrease month on month. On the demand side, Tangshan's environmental protection measures will be tightened, and the national iron production may decrease compared to the previous week. On the inventory side, the iron ore inventory at Port 47 has slightly accumulated month on month. In summary, next week's iron ore prices may be prone to decline but difficult to rise.The current spot price of high carbon ferrochrome is 8300 yuan/ton, a decrease of 300 yuan/ton or 3.49% from the beginning of the month. As of October 28th, the SF-EF process cost in Inner Mongolia is 7900 yuan/50 basis tons, and the EF process cost is 8222 yuan/50 basis tons. The EF process cost of Guizhou local power grid is 8522 yuan/50 basis tons, and the EF process cost of Southern power grid is 7964 yuan/50 basis tons. The current cost range is 7900-9000 yuan/50 basis tons, with an average cost of 8382 yuan/50 basis tons. At present, the spot price of high carbon ferrochrome is running steadily, while the price of coke, national freight, and electricity are all stable. The price of chromite has slightly decreased by 0.25-0.5 yuan/ton, and the immediate cost of high carbon ferrochrome has decreased by 4-23 yuan/50 basis tons. Chromium iron steel has been put on the market, but some steel mills are rumored to reduce production next month. Confidence in chrome ore quotations is still insufficient, and it is expected that the cost of high carbon ferrochrome will remain stable in the short term.The current price of scrap steel is 2120 yuan/ton, a decrease of 10 yuan/ton or 0.47% from the beginning of the month. Due to recent reductions in production and maintenance by steel mills, as well as rising tax costs, the amount of scrap used by steel mills has decreased, leading to a decrease in their willingness to collect scrap. As a result, the price of scrap steel has not significantly increased in the black market. Considering the fluctuation and decline of the snail market, the speed of downstream market shipments is accelerating, and some steel mills in the surrounding area may continue to lower the price of scrap steel. It is expected that scrap steel will operate weakly in a narrow range in the short term.2. Downstream industryIn September, China's automobile production and sales reached 3.276 million and 3.226 million respectively, an increase of 17.1% and 14.9% year-on-year. For the first time in history, the production and sales of automobiles exceeded 3 million units during the same period, and the monthly year-on-year growth rate has remained above 10% for five consecutive months. In September, the production and sales of new energy vehicles were 1.617 million and 1.604 million respectively, an increase of 23.7% and 24.6% year-on-year, setting a new historical high. From the year-on-year comparison of the industry, the overall development of the automotive industry still mostly maintains the previous state and has not shown a sharp increase. In terms of policies, with the increase of consumer subsidies, the efficiency of exchanging old for new has further increased. With further updates in battery technology, the energy density of batteries has increased, leading to a gradual increase in the market share of new energy vehicles in the northern region. In the case of relatively low comprehensive consumption ratio, most consumers gradually shift their car buying plans to new energy vehicles, which to some extent further impacts traditional energy vehicles. At the same time, with the increasing proportion of new energy in commercial vehicles, the application of extended range and pure electric heavy-duty trucks in infrastructure projects is becoming more and more widespread. At the same time, due to the maturity of AI technology, the volume of unmanned commercial vehicles and excavators is also increasing, which will to some extent promote the transformation of the industry. In the short term, the steel consumption in the automotive industry may continue to increase slightly.Ⅳ SummaryIn October, the market price of bearing steel continued the weak and stable trend before the National Day holiday, with minimal overall fluctuations. The market sentiment was cautious, and the transaction pace was slow. On the supply side, according to research, in October and November, as market prices decrease and steel mills' profits shrink, they begin to adjust their production plans and determine their maintenance schedule for November. This may alleviate the pressure on bearing steel supply in November. In terms of demand, some downstream industries generally adopt the "on-demand procurement" model and lack the willingness to proactively stock up. However, the growth rate of new energy vehicles is expected to become the potential for the increase in demand for bearing steel. However, the order situation in traditional construction machinery and other fields is relatively average, and due to the pressure of terminal funds and wait-and-see sentiment, procurement is still mainly based on on-demand procurement, making it difficult to achieve significant volume increases. Overall, it is expected that high-end bearing steel orders in fields such as new energy and aerospace will remain stable, providing strong support for the overall price system. The competition pressure for mid to low end bearing steel is increasing, and businesses may experience market price fluctuations and weaken in order to ship and collect payments.

Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of November is Weak and Fluctuating

09 Nov,2025

Weekly Summary: 2025 China Bearing Steel Market Trend in First Week of November is Weak and Fluctuating1、 This week's review【In terms of price】This week, the price of bearing steel fluctuated weakly, with the absolute price index of GCr15 as of today at 4867 yuan/ton.【Overview of Major Markets】The price of bearing steel in Liaocheng market has fluctuated downward. At present, the market has sufficient spot resources, and steel mills such as Juneng, Handan Iron and Steel, Ausen, and Ronggang have stable arrivals. Traders' inventories are generally maintained at around 1000 tons, and the supply side remains stable. Currently, the Liaocheng bearing steel market is in a supply-demand game stage, with the price center gradually declining. Traders are becoming increasingly cautious and generally adopt an on-demand replenishment strategy to reduce risks. The prices of high-end products or specific specifications of bearing steel are still relatively firm, while some ordinary specifications are facing certain sales pressure and prices are slowly declining. Overall, it is expected that the price of bearing steel in Liaocheng market will remain weak and stable 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 3720 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 lack of downstream terminal consumption power and sluggish purchasing willingness are key factors restricting price rebound. The overall mentality of traders is becoming more cautious, and some merchants have taken small concession measures for some specifications of resources to accelerate transactions and alleviate inventory pressure. Overall, it is expected that the price of bearing steel in Hangzhou will remain weak and stable in the short term. As of press time, Zhongtian Steel's GCr15 Φ 40-140 quotation is 3990 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 bearing steel market in Wuxi is showing a trend of oscillation and weak operation. After experiencing a high-level consolidation in the early stage, the market price experienced a slight correction. The demand for orders in downstream industries such as automobiles, home appliances, and machinery manufacturing has not experienced explosive growth, and is mainly based on on-demand procurement. The acceptance of high priced resources is limited, resulting in lukewarm market transactions and difficulty in forming strong support for prices. Overall, in the absence of substantial 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 3990 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 support for upstream raw material prices has weakened, and the driving effect on the cost side has slowed down. The weak downstream terminal consumption and weak purchasing willingness constitute the key suppressing factors for price rebound. Local terminal enterprises mainly purchase in small quantities for essential needs, which makes it difficult to digest market resources. 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. To promote shipment, spot prices generally fluctuate with market conditions. 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 4290 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 31st to November 6th, 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.2、 Next week's outlookThis 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 around 20 yuan/ton. Based on the comprehensive analysis of supply and demand, it is expected that the price of bearing steel will maintain a weak and volatile pattern next week.