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Recent bearing steel market price tendency

2020-11-17

From Jan. to Sep., the output of domestic crude steel bearing increased by 3.68% year-on-year, and the output of bearing steel fell 0.85% year-on-year. Looking back at the bearing steel market in October, the overall transaction performance was acceptable, and the market price is still rising slightly. So far, the average price of domestic bearing round steel 50mm (continuous casting) is 4963 RMB/Ton, an increase of 10 RMB/Ton from the end of September, A month-on-month increase of 0.2%. In the recent stage, wind power bearings, metallurgical bearings, engineering machinery bearings and other bearing supporting enterprises have acceptable demand. In addition, the output of some bearing steel manufacturers has decreased, and the market inventory pressure has eased. However, given that the market price is currently at a relatively high level, the price upside in the later period is relatively limited, and the upward trend of the bearing steel market is expected to slow in November.

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