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Although the global financial crisis and overseas anti-dumping actions have caused a substantial drop in the growth rate of China’s fastener exports, we must also realize that it is the irrational product structure of our fastener industry that will result in the current situation. And upgrading is an inevitable choice for Chinese fastening companies. Although the cost will increase after the product is upgraded, the increase in product prices can completely offset the increase in costs.
According to the author's understanding, fasteners for special industries have advantages, such as fasteners used in the aviation, military, and railway industries. The special nature of these products determines the superiority of their prices, so domestic fastener companies can Efforts to develop such markets. High-strength fasteners With the improvement of the industrialization level and technological progress of the country, the usage has gradually increased. The State Bureau of Machinery classified "common standard fasteners" as a restricted development product, and "high-strength special-shaped fasteners" as the current encouragement to develop products, precisely in order to promote the development of high-strength fasteners.
At present, there are tens of thousands of fastener companies in China, but only 60 of them have an annual output value of more than 100 million yuan. Compared with overseas companies, our strength is obviously weaker. Therefore, China's fastener manufacturing enterprises must step out of the old path of low-cost competition, and then pay attention to brand building and enhance the company's core competitiveness.
Low-end fasteners lose competitiveness
With the EU, Mexico, the United States, Russia and other large-scale anti-dumping arbitration and investigation of China's fastener industry, China's fastener exports have been pushed to the cusp.