The vast majority of fastener products on the market are made from raw materials made from cold heading steel. At present, global demand, fastener market demand continues to increase, will drive the demand for raw materials in cold-rolled steel market. At present, China's fastener production accounts for a quarter of global production, but most of them are low-strength, low-grade products, among which standard items below 8.8 account for about 45%-50%, in the environment where raw material prices are high The overcapacity of low-grade standard parts has become a stumbling block to the development of the entire fastener industry. As a result, fastener products have evolved from “low end” to “high end”, and new and higher requirements have been put forward for special steels such as cold heading steels, such as the use of high-strength cold crucible steel; at the same time, fastener manufacturers have to reduce Costs, such as non-modulated steel used to reduce heat treatment in the bolt production process, free-cutting steel used to improve nut machining capabilities, etc. The introduction of technology in China's automotive industry has played a role in promoting the application of new materials for cold heading steel. Some of the major high-strength fasteners have adopted foreign materials standards to achieve the goal of saving resources and accelerate the research and development of special bolt steels. It is valued in the next 3-5 years. Therefore, the iron and steel enterprises have conducted R&D on the basis of the new requirements of the fastener manufacturing industry for the special steels such as cold heading steel and promote the steady development of the domestic market for fastener steels.
The production and sales of machinery manufacturing and hardware fastener equipment manufacturing are still good. The development of construction machinery puts forward higher requirements on the mechanical properties of high-strength fasteners, and will promote the development of high-strength fasteners. The demand for furniture hardware upgrades stimulates the market demand for fasteners. The demand for fasteners for furniture, such as screws, fiber board nails, wallboard nails, etc., is again stimulated