August Bearing Steel Market Is Stable With A Slight Decline

August Bearing Steel Market Is Stable With A Slight Decline

Overview: from January to June, domestic crude steel production of bearing steel decreased by 6.46% year on year, and bearing steel production decreased by 9.79% year on year. Review of the bearing steel market in July, bearing steel price adjustment, stock accumulation. Up to now, the low price of continuous casting non-annealed material in China is RMB 4400 / ton. The price of mid-range materials is RMB 4,700 / ton; High-end materials 5300 yuan/ton. Although the bearing steel production enterprises have reduced the quantity, but the short-term high temperature weather continues, the terminal effective demand is really general, the bearing steel market price is expected to hold steady in August, do not rule out a small reduction in some materials.

I. Domestic production of bearing steel

1. January-June production: both bearing crude steel and steel products decreased year-on-year

According to statistics from the special steel association, the crude steel output of bearing steel in China's major special steel enterprises from January to June 2019 was 1.9052 million tons, down 6.46% compared with the same period last year. From January to June 2019, the output of bearing steel by China's major special steel enterprises was 1.7242m tons, down 9.79% compared with the same period last year. See figure 1 for details.

2. Output of finished materials of bearing steel manufacturers from January to June: output of steel mills decreased year-on-year

The major bearing steel output at present is: Zhongxin special steel (Xingcheng special steel, Daye special steel, Qingdao iron and steel), Zhongtian and Juleng, accounting for 65% of the total output. From January to June 19, the overall output of bearing steel was decreasing, and the output of Jianlong steel, Shagang steel, Shi steel company, Ben steel company, Xining steel company, Nangang steel company, Qilu, Jiyuan steel company, Zhongtian steel and other steel mills were all decreasing, while the output of Xing steel, Beimanman steel, Jiangsu steel and Juneng steel and a few other steel mills increased slightly compared with the same period last year.

Ii. Domestic bearing steel market performance

Review in July, the bearing steel market performance has weakened, some of the low - and medium-grade materials show a small decline in the trend. Just in the high temperature traditional shipping season, the downstream purchase overall limited, inventory control in a relatively low, market mentality is weak. Although the output of bearing steel production enterprises has been reduced, due to the limited supporting effect of the demand link on the price, the supply and demand relationship is still facing certain pressure. It is expected that the bearing steel market price is stable with a drop in August.

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