Overview: From January to June 2022, the domestic output of bearing steel crude steel decreased by 0.67% year on year, and the output of bearing steel increased by 2.17% year on year. Reviewing the bearing steel market in July, the downstream demand and fund flow support were insufficient, and the market price was in a state of continuous decline. Up to now, the average price of 50 mm (continuous casting) bearing round steel in China is 5594 yuan/ton, down 560 yuan/ton from the end of June, with a month on month drop of 9.10%. Under the background that the demand for steel is expected to rise month on month, while the supply side has slightly decreased, the market price of bearing steel is expected to stabilize and rise slightly in August.

According to the statistics of Special Steel Association, from January to June 2022, the output of rough bearing steel of major excellent and special steel enterprises in China was 2.5067 million tons, down 0.67% compared with the same period last year; From January to June 2022, the output of bearing steel of major excellent and special steel enterprises in China was 2.2 million tons, an increase of 2.17% compared with the same period last year.

It can be seen from Figure 2 that the manufacturers with large output of bearing steel are CITIC Special Steel (Xingcheng Special Steel, Daye Special Steel, Qingdao Steel), Shagang (Northeast Special Steel, Yonggang) and Jiyuan Steel, accounting for 59% of the total output. From January to June 2022, the overall output of bearing steel is increasing. The output of Shigang, Laigang, Jiyuan, Jianlong, Zhongte, Shagang and other steel plants has increased compared with the same period last year. The output of Xining, Beiman, Bente, Zhongtian, Nangang, Juneng and other steel plants has decreased.