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| Steel products information |
| Overview: China Fastener Development in 2006 |
| 2007-01-26 17:26:56 |
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| "The enterprises should try their best to produce high strength fasteners (property class is equal to 8 or more than 8.8), standard fasteners, assemblies, and mini standard fasteners. Moreover, they should highly promote environment-friendly surface treatment such as trivalent chromium plating and non-chromate dacromet. "
2006 is the first year of the Eleventh Five-Year Plan. Driven by the constant rapid growth of national economy, China fastener industry kept an increase rate of over 30%. For one thing, thanks to the fast development pace of the industries such as machine industry, automotive industry, city infrastructure construction and real estate industry; for another thing, due to the good climate of global economy, especially the economic recovery of the developed countries such as U.S., Europe and Japan, it was obvious that the growing speed was quickened, which therefore generated the prosperity of the global fastener market.
China fastener saw a certain gain in both import and export in 2006. It was the outcome of the global economic development, adjustment of the industrial policy in developed countries, and the transfer of manufacturing. General speaking, the fasteners we exported were mainly low-end or mid-end products. As a result, the average price was only 1260 USD per ton, which reflected the overall low price level. While the high strength fasteners imported from foreign countries, the average price of which reached 9000 USD per ton, seven times more than our export average price. It is apparent that the product structure of our fastener industry that only depending on producing and exporting low and mid-end fasteners was not reasonable; on the other hand, there was great demand of high strength, high precision and special fasteners in the export market applied in the areas of automobiles, IT industry and key projects. On the whole, we were optimistic about the fastener industry, but quite a few subjects remained to be solved.
In 2006, that the price of raw materials jumped and the price of tool and die steel rose caused the sharp increase in price of thread rolling boards, thread rollers and cold heading dies. Moreover, the price of oil stayed high, which caused the sharp increase in production cost of fasteners. The profit margins of fasteners deteriorated day by day. In order to increase benefits, some enterprises had to transfer the increased material costs to the product price. In order to be understood by customers, they tried to communicate with them. In fact, however, they could not get understood by their customers. Instead, they were asked to reduce the price monthly or yearly, which troubled them a lot.
China fastener industry came across the ever biggest trade friction in 2006. Along with the complete development of China economy and the rapid growth of foreign economy, there is no surprise for the appearance of trade friction. The key is to face up to this trade friction, to keep improving the competitive strength. Fastener is the basic of various industries. The development of global economy could not last without fasteners. Although competition exists, fastener processing center locates in Asia and China fasteners still play a leading role in Asian market. That's why the opportunities and challenges co-exist.
Nowadays, low-end fasteners are overproduced, especially fasteners less than property class of 8.8. The pace of product adjustment should be quickened. The bank should properly tighten the credit loan placement aiming at the enterprises with low-end production and poor technological innovation capability.
China produces the most fasteners in the world. Fasteners of high strength and high precision, such as automotive fasteners, are growing up, which could bring in a prosperous market. Meanwhile, they are the key point of the product structural adjustment in the whole industry. High strength fasteners have become a major subject of the leap-forward development of China fasteners. Along with the recovery of global economy and the sustainable development of China economy, it is certain that China fasteners would keep improving.
In 2007, we should be sober-minded to notice that China fastener industry is a rising as a developing industry. All fastener people should be realistic and ready for the future. The product structural adjustment involving the whole industry should be highlighted. In order to completely improve the technological levels of China fastener industry, to quicken the product pattern adjustment in the export market, and to accelerate the transfer of fastener increase mode, the enterprises should try their best to produce high strength fasteners (property class is equal to 8 or more than 8.8), standard fasteners, assemblies, and mini standard fasteners. Moreover, they should highly promote environment-friendly surface treatment such as trivalent chromium plating and non-chromate dacromet. We are full of expectation and confident for that. |
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