BEIJING, April 2 /PRNewswire-Asia/ -- Himfr.com, one of China’s leading B2B search platforms with more than 30 B2B industry websites to its name, discusses the fastener industry’s development situation.
Fasteners are basic pieces of general-purpose hardware and are manufactured using steel, non-ferrous metals
(http://www.himfr.com/buy-non_ferrous_metals/ ), stainless steel, titanium or other engineering materials. Steel, especially, has excellent ductility and strength, is a rich resource, has a relatively low price, and has a higher cost performance advantage than other materials. Thus, for all countries worldwide, the first choice in manufactured fasteners is steel. Steel is therefore the key for the fastener industry. Steel quality is directly connected to a fastener product’s quality. When a steel’s quality is worse, the fastener quality is also worse.
The Chinese iron and steel industry maintains a rapid growth pace. Yet China’s steel production, iron and steel industry places great emphasis on the adjustment of product structure. Chinese wire rod production is still growing. In recent years the fastener industry has developed SWRM6, SWRCH6A, SWRM8-10, SWRCH8A-10A, STM1018, ASTM1022, ML20, ML35, SWRCH32K, SWRCH35K, SCM435, SCM440 and a batch of 5.5 to 4.0 fasteners meeting the requirements of the industry.
However, China’s steel purity is not high and has lead to much alloy steel. Low alloy, heat-resistant steel and stainless steel are still mainly imported. China has studied Taiwan’s experience for further development in order to use more energy-saving and anti-delayed fracture steel. China is developing suitable high temperature, high pressure, corrosion-resistant requirements, as well as a variety of production processes to meet the demand for stainless steel materials.
At the same time, with the rapid development of China’s automobile industry, the automotive demand for high-strength fasteners is growing. Therefore, given the high requirement for fasteners made of steel, the development of automotive-specific fasteners has a huge market.
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