Second, the domestic bearing steel market performance

 

In July, the overall market price of bearing steel fell sharply, and the performance of downstream demand is still weak. At present, the transfer of steel mill inventory to social inventory has been reflected, the mainstream market bearing steel inventory shows a rising trend, some bearing steel pipe factory inventory pressure highlights. Near stage market in the off-season atmosphere, business confidence is obviously insufficient, market demand has been in a state of inhibition. With the reduction of the severity of the epidemic nationwide, the operating rate of downstream manufacturing enterprises is improved, and the overall demand is expected to increase month-on-month. The market price of bearing steel is expected to stabilize and slightly rise in August.