The road that the hottest fastener enterprises mus

2022-07-30
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Fastener enterprises' response to overseas anti-dumping: the inevitable path of transformation and upgrading

at present, the global demand for fastener castings is mainly concentrated in North America, Western Europe and Asia, with an annual demand of more than 10billion US dollars. It is also the main market for domestic fastener exports. With the large-scale anti-dumping arbitration and investigation on China's fastener industry by the European Union, Mexico, the United States and Russia, China's fastener export has been pushed to the forefront. At present, the global demand for fastener castings is mainly concentrated in the three major markets of North America, Western Europe and Asia, with an annual demand of more than 10billion US dollars. It is also the main market for domestic fastener exports. With the large-scale anti-dumping arbitration and investigation on China's fastener industry by the European Union, Mexico, the United States and Russia, China's fastener export has been pushed to the forefront. Because the product structure of traditional fasteners in China is still unreasonable, the product grade is low and the added value is low, so it is difficult to increase the price. At present, the supply of domestic ordinary standard fasteners has been in excess of the demand, while the supply of high-grade fasteners (fasteners with high temperature, special shape, titanium plastic composite, special performance, etc.) is in short supply. It is one of the oldest art forms in the history of human civilization to rely on such fasteners. According to my understanding, in February this year, the export volume of Jiaxing, an important fastener town in China, has dropped by nearly 50%

although the global financial crisis and overseas anti-dumping actions have caused a sharp decline in the growth rate of China's fastener export, we must also recognize that it is the unreasonable product structure of our fastener industry that causes the current situation. Transformation and upgrading are the inevitable choices for China's fastener enterprises. Although the cost will increase after product upgrading, the increase in product prices can completely offset the increase in costs. According to the author's understanding, fastener products in special industries have comparative advantages, such as fasteners used in aviation, military industry, railway and other industries. The particularity of these products determines their price superiority. Therefore, domestic fastener enterprises can focus on developing such markets. With the improvement of national industrialization and technological progress, the use of high-strength fasteners is gradually increasing. The National Machinery Bureau lists ordinary standard fasteners as restricted products and high-strength special-shaped fasteners as currently encouraged products, just to promote the development of high-strength fasteners

at present, there are tens of thousands of fastener enterprises in China, but there are only more than 60 bicycle equipment with a middle-aged output value of more than 100 million yuan, such as self rechargeable batteries, wheels without wheels, non pneumatic tires, automatic light sensors, etc. compared with overseas enterprises, our strength in modern industrial consumption is significantly weak. Therefore, China's fastener manufacturers must go out of the old way of low-cost competition and pay attention to brand building to enhance their core competitiveness

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