Precision bearings and other basic mechanical casting industry has become a national "Twelve Five " period focus on the development of the industry, in order to achieve economic growth target raised two sessions around the dense urban infrastructure construction projects started , bearing steel demand will subsequently released.
Industry analysts believe that China Insight Network : With the bearing industry sustained and rapid development , bearing steel market outlook is promising. Domestic bearing steel manufacturers are actively developing new varieties of bearing steel , bearing manufacturing industry based on high-end products is the main trend of the future .
In order to achieve economic growth target raised by the two organizations , local urban infrastructure construction projects off the climax , railways, affordable housing , water , ports, airports and other major projects started intensive construction machinery manufacturing industry led the recovery , driving demand for construction machinery , bearing steel market demand also will be released. Meanwhile iron ore, coke , high- chromium steel raw material prices continued to run high , so that the bearing steel production costs continue to rise, driven by rigid cost , prompting steel prices rise , thereby further driving bearing steel market prices, these two positive factors stable growth stimulating domestic demand.
Currently Bearing Manufacturing industry was strong , steady bearing steel market will bring positive effects to the good . Number of substantial growth in demand for high-end bearings , such as aerospace bearings, machine tool spindle speed precision bearings, high-speed spindle bearings, precision bearings for machine tools photovoltaic industry , high-speed rail bearings, automotive bearings , crane sheave bearings and so on.
Faced with these high-end needs , local government policies to support the bearing industry , and actively cultivate bearing modern industrial clusters , to create the bearing industry base , around the adjustment of product structure , with the innovation-driven business transformation and upgrading , the completion of new product development , high-end product development projects bearing , technology innovation projects , testing and application of basic research projects are in full swing, railway bearings , steel series bearings, drive series bearings etc contrarian growth .
China Industry Insight Network analyst pointed out : Domestic bearing steel manufacturers have begun to develop new varieties of bearing steel , precision bearings and other basic mechanical casting industry has become a national "Twelve Five " period focus on the development of the industry, to vigorously develop the domestic and foreign high-end product market , so that the bearing into China 's aviation, military , railways and other high-tech fields , the products go international high-end line , for companies to create new economic growth point.