Since the second half of 2020, affected by multiple factors, bearing raw materials have risen sharply. At the end of the year, bearing steel has risen by nearly 30%, bearing steel has risen by 1300 yuan per ton, and bearing steel pipe has risen by as much as 2800 yuan per ton.By the end of January 2021, bearing steel rose by 300 yuan per ton, the increase has reached 35.6%, coupled with the impact of the rising prices of various raw materials, resulting in the increase of related transportation and packaging and other related materials and accessories, bearing enterprises are struggling.

For ordinary bearing enterprises, the profit margin is generally limited.Affected by bearing size and structure complexity, the direct cost of bearing materials generally accounts for about 50%-70% of the total cost.Therefore, the direct cost increase caused by price factors for bearings is about 18%-24%, which does not include the increase of auxiliary materials such as lubrication, packaging and transportation.