It is expected that the bearing steel market will continue to strengthen in April

Performance of China's bearing steel market: the price of China's bearing steel market rose slightly in March, and the demand was acceptable. Affected by the continuous promotion of steel mills, the bearing steel market price has been able to rise. At present, most of the production enterprises are still optimistic about the market in April and May. But on the demand side, due to the current market price rising too fast, the profits of end customers are seriously compressed, and in the short term, they mainly purchase on demand.

With the rise of raw material prices and the impact of the overall steel market environment, steel mills will continue to come up with the factory price in the later stage. Driven by the price increase of steel plants, the market price will also rise further. It is expected that the market price of bearing steel will continue to strengthen in April.