Masteel Cold Rolled Steel Reduces Production Costs of Fasteners and Increases Competitiveness

It is understood that apart from the labor cost advantage, the rapid increase in the price of fasteners in China is also an important reason for the rapid improvement in the quality and performance of cold-headed steel used for fastener production. It is not the same as the EU believes that dumping at lower than production cost prices is considered. . Among them, Maanshan Iron and Steel's research and development of cold heading steel has played an important role in reducing the production cost and enhancing the competitiveness of our fastener manufacturers. In 2003, Masteel transformed the high-speed wire rod production line and built the only high-speed wire rod mill that can realize the heat rolling technology in China.

A few days ago, the WTO Appellate Body issued a ruling report on China's suing EU anti-dumping measures against carbon steel fasteners in China, and concluded that China had won a successful dispute with the European Union on fasteners. This is the first time that China has taken the initiative to prosecute the EU for the first time since its accession to the WTO. The reporter learned from Masteel Group on July 22 that: The non-heat-treated cold-forged steel produced by Maanshan Iron & Steel has greatly reduced the production cost for fastener manufacturers in China, and has become a strong evidence for China’s success.

In recent years, Masteel took advantage of the national "863" project "High-performance low-cost cold-tipped steel research", focusing on the needs of domestic fastener manufacturers, through continuous research, successfully developed high-tech content, high performance , Cost-effective non-quenched and tempered cold crucible steel, to meet the needs of domestic fastener manufacturers of product personalization. Because this type of cold heading steel does not require annealing, quenching and high temperature tempering during the production of the fasteners, the production process is simplified, and the energy consumption is reduced. Therefore, the production cost can be reduced by up to 800 yuan per ton for the fastener manufacturer. , is favored by domestic fastener manufacturers. During this period of anti-dumping of fasteners, Masteel was the main supplier of fastener raw materials and assisted relevant parties to collect detailed data and provide strong evidence to make positive contribution to the final victory of China.

China is the world's largest producer of carbon steel fasteners such as screws, nuts, and bolts. The EU is the main market for these products. In 2008, the European Union stated that China's 1,700 companies sold steel fasteners at prices 30% to 50% lower than the EU market, and thus concluded that dumping of fastener products by Chinese manufacturers caused significant damage to the competitiveness of the EU industry. In January 2009, the European Union decided to impose anti-dumping duties of up to 85% on Chinese fasteners for a period of five years.

Innovation is the source of an enterprise's prosperity and development, and it is also the engine of industrial transformation and upgrading. With innovative “source of water”, products can be continuously optimized and upgraded, and the overall level of development of the industry can be continuously improved. Only emerging “market highland” companies can make a breakthrough and “Made in China” can have a greater share in the international market and have greater The right to speak. To speed up the transformation and development, we must give full play to the initiative of the enterprise, combine the enterprise as the main body, the market as the orientation, and the combination of production, study and research, so that more scientific and technological achievements can be transformed into actual productivity.

Maanshan Iron & Steel’s successful research and development of cold heading steel has enabled the entire fastener manufacturing industry to realize cost reduction and efficiency enhancement. HKUST’s intelligent voice technology will lead the world and firmly grasp industrial development opportunities. Shows the power of independent innovation.