The new situation of China's stainless steel hardware industry

Luo Baihui, an industry analyst, pointed out that in the 12th Five-Year era of advocating environmental protection, energy-saving and intelligent products are in vogue, and only a keen insight into the development trend of the industry can allow companies to take a long-term stability.

With the development of society and economy, stainless steel hardware industry will also show new trends in the new situation.

First, in recent years, with the continuous economic development, China's stainless steel hardware tool processing industry has gradually become the main force of the world's hardware and tools industry.

The demand for hardware tools in some developed countries, especially in Africa, the Middle East and other developing countries, is increasing at a rate of more than 10% per year. Stainless steel hardware tools are labor-intensive industries. As a hometown of hardware, Yongkang has become a gathering place for hardware tools with low-cost traditional competitive advantages. The huge market and central position attraction will further attract the stainless steel hardware multinational manufacturing center to transfer to China. The integration with foreign companies will continue to enhance the quality and competitiveness of Chinese hardware products. While continuing to expand markets in the United States, Japan, and other traditional countries, Southeast Asia, the Middle East, Russia, Europe, and Africa will also fully blossom.

The second is that the requirements for domestic hardware products in the international market will gradually evolve and change. There will be higher requirements for the quality, packaging, and delivery deadlines of Chinese products, and even gradually extend to the research and development of production processes and products, and the products and the environment. Protection, energy resources, and the human environment are combined. The huge market and central position attraction will further attract the hardware manufacturing center of multinational companies to transfer to China.

Third, as the global competition continues to intensify, in order to increase competitiveness, industrial capital has become an important theme of the industry's operations.

With the continuous improvement of our country’s status in the world, more and more countries around the world are starting to use Chinese hardware products, which has stimulated the development of China’s hardware products to some extent. As one of the world's largest hardware manufacturers, and gradually becoming a major metal processing country and exporter, China has a vast market and consumption potential. With the development of society and economy, stainless steel hardware industry will also show new trends in the new situation.