China's largest global consumption of mold steel

China's mold industry has now become the world's mold production base. In most areas, Chinese molds have occupied a considerable share. However, in many high-end areas, there is still a large amount of imports from abroad. There are only a few companies in the country that are squeezed into the ranks of precision mold manufacturing.

In 2010, China's mold industry revenue grew rapidly from 14 billion yuan in 2003 to 140 billion yuan, an increase of 10 times in eight years, and the average annual growth rate was above 28%. The financial crisis only slowed down the growth rate of the industry to 12.5%, which is still far higher than the growth rate of GDP. It can be seen that the development momentum of China's mold industry is very strong.

"China's mold industry has entered a period of rapid development, which has greatly promoted the progress of mold steel consumption and application technology." Luo Baihui, secretary-general of the International Model Association, said that in 2004 China's mold steel consumption reached 117 billion yuan, up 20% year-on-year. For five consecutive years, China has become the world's largest consumer of mold steel, accounting for 21% of global consumption. At the same time, the domestic output value of mold steel was only RMB 63.5 billion. Although it is already a global producer of mold steel, the gap between supply and demand reached RMB 53.5 billion. The dependence on imports is as high as 46%, and the materials for high-grade molds and export molds are almost all imported.

From the mold industry as a whole, the overall level of China's mold is still based on the middle and low mold, especially because the country lacks an effective industry access threshold for the mold industry, so that in many so-called mold developed areas, but also low-end, shoddy The mold is flooding the market.

The development trend of the domestic hardware industry mold industry is mainly the development of mold products that are larger, more sophisticated, more complex and more economical. After 12th Five-Year efforts, China's mold level has entered the ranks of Asia's advanced level by 2015, and after 7 years of hard work, it will surpass the United States and Japan in 2019 to reach the international advanced level, making China not only become a mold manufacturing country, but also Enter the world mold production and manufacturing power.