Alloy spring steel wire market-Analysis
Alloy spring steel wires, rich in properties such as elasticity, flexural strength and fatigue strength, are usually used in the manufacture of springs and fasteners, playing an important role in industrial production. As an important downstream industrial product of alloy spring steel wires, spring industry, as an export-oriented industry, has gradually increased its orders since the beginning of 2020, driven by the rebound of the global automobile industry, the strong demand of home appliance industry and the steady growth of infrastructure investment.
As a new industry, the development of the alloy spring steel wires market is slightly slower compared with other industries, however, due to the gradual upgrading of the consumers demand, the development momentum of the alloy spring steel wires market is still relatively strong. In 2019 and the first half of 2020, products from small- and medium-sized enterprises that have relatively lower price, but better quality, become popular with many users, and their market share is also increasing. In addition, large-scale enterprises have also made noteworthy improvement in terms of product quality and production efficiency.
Affected by the epidemic and exchange rate fluctuations, the market of alloy spring steel wires in the first half of 2020 has been suppressed, and the market demand has gradually stabilized. According to the latest market news, the foreign trade steel wire market has been in a slow warming trend in recent months. Affected by the steady recovery and improvement of the global economic recovery, the demand for alloy spring steel wires will increase slowly, and the downstream demand for manufacturing springs and fasteners will gradually increase.
At present, the import and export of alloy spring steel wires in the domestic market is increasing year by year, and the proportion of foreign trade has continuously increased. From the perspective of foreign trade, the recent recovery of the US and European economy is also an important factor in promoting the market demand of alloy spring steel wires. The export-oriented spring industry also improved its performance in the first half of 2020. With the gradual recovery of the global economy, the market demand of alloy spring steel wires is expected to remain stable in the future.
In the context of the global economic downturn, the industry is speeding up the upgrading and transformation of its production capacity, focusing on high-end and high-value-added spring products, and solving the supply-demand dilemma of caliber through automatic sorting technology and fine management. Meanwhile, the industry is also expanding its domestic market and increasing its efforts to explore foreign markets.
At the current stage, the development of the alloy spring steel wire market is facing certain development opportunities. On the one hand, the governments policy of reducing taxes and fees and deepening reform of the real estate market has driven the growth of the spring industry, leading to an increase in demand for alloy spring steel wires. On the other hand, metallurgical enterprises are actively developing towards low-cost and high-efficiency new production technology and process improvements, coupled with technological innovation and innovation in the development and use of spring products, so as to meet the diversified requirements of downstream enterprises and consumers.
To sum up, the current development of alloy spring steel wires market is relatively stable, and there are certain growth opportunities. With the continuous improvement of technology, the optimization of product structure, the increase of market demand, and the improvement of government policies, the market of alloy spring steel wires will continue to maintain healthy growth and steadily increase in the future. At the same time, the alloy spring steel wire industry should actively explore foreign markets and expand domestic sales, so as to continue to promote the steady development of the industry.
