趋势研判！2025年中国碳素轴承钢‌行业产业链全景、发展现状、竞争格局及未来发展趋势分析：技术升级驱动高端转型，需求扩容打开成长空间[图]

Core Insights - The carbon bearing steel industry is experiencing growth in production despite a decline in crude steel output, driven by technological upgrades and high-value-added capacity releases [1][4] - The market is characterized by a "pyramid" competition structure, with leading companies like CITIC Special Steel and Baowu Steel dominating the high-end market, while smaller firms focus on mid-to-low-end segments [1][8] - Future development will focus on technological upgrades, structural optimization, and demand upgrades, shifting competition towards a combination of products and services [1][10][12] Group 1: Industry Overview - Carbon bearing steel is essential for manufacturing rolling bearing rings and rolling elements, characterized by controlled carbon content (0.95%-1.10%) and low impurity levels [2][3] - The industry is influenced by raw material costs, production capacity adjustments, and environmental policies, leading to fluctuations in crude steel output [4][5] Group 2: Production Trends - From January to October 2025, the crude steel output of major special steel enterprises in China was 4.05 million tons, a decrease of 0.36% year-on-year [4] - In contrast, the bearing steel output during the same period was 3.72 million tons, an increase of 3.43% year-on-year, attributed to refined processes and high-value product releases [4][6] Group 3: Industry Chain - The upstream of the carbon bearing steel industry relies on iron ore and alloy elements, with a high dependency on imported iron ore affecting cost control [5][6] - The downstream applications span various sectors, including automotive, wind power, and high-end equipment manufacturing, with increasing demands for high-performance materials [5][6] Group 4: Competitive Landscape - The market concentration is increasing, with leading companies like CITIC Special Steel and Jiyuan Steel accounting for 68.21% of total output as of January to October 2025 [8][9] - The first tier of companies focuses on high-end markets, while the second tier leverages cost advantages in general machinery, and smaller firms are transitioning to specialized steel [8][9] Group 5: Future Development Trends - Technological upgrades will focus on high-purity refining and customized product development, with advanced processes reducing impurity levels and enhancing material performance [10][11] - Structural optimization will align with green low-carbon production goals, promoting industry cluster characteristics and increasing market concentration [12] - Demand from high-end manufacturing sectors like new energy vehicles and wind power will drive growth, with a shift towards comprehensive competition involving both products and services [13]