China produces over 150,000 tons of high speed steel, the low alloy high speed steel accounts for a big proportion.The percentage of high performance high speed steel lower than developed countries.It is just starting to the R&D ,and production of powder of high speed steel .
The infomation of High speed steel tools in China
Different cutting tool material with unique advantage and the use scope, and also can replaces by the supplements. The Sales of high speed steel tools going up each year compared with carbide alloy tools.
Item | Percentage in cutting tools market | HSS tools percentage |
Turning tool | 25% | 20% |
Milling tool | 28% | 33% |
Drill bit | 20% | 51% |
Chasing tool | 7% | 95% |
Broaching tool | 3% | 26% |
Reamer reamer drill | 3% | 86% |
Knife inserted teeth | 3% | 95% |
Others |
In China market ,The proportion of HSS cutting tool is relatively large, and carbide alloy tool development rapidly .
The imported cutting tools accounted for 1/3 of the Chinese tools market .Most of them is alloy steel tools ,powder high speed steel ,low-alloy HSS.
In 2018,over 5.2 billions HSS cutting tools, there were nearly 3 billion export to US ,eu with low-price .Most of the item is low-alloy HSS household tools.
The tools imports of China increased from 13.9 billion RMB in 2017 to 14.8 billion RMB in 2018.
It is increase of 6.5% year on year and a record high for two consecutive years. As manufacturing upgrades improve the quality of cutting tools,the market structure for cutting tools continues to change.
At present, Cutting tools are mainly divided into high speed steel , ceramics and superhard materials .
China’s Tools industry status is:
The overall technical level of the cutting tool industry is low.
The proportion of high-end ultra-hard cutting tool products is low,
The performance quality can not meet the development of high-end equipment manufacturing industry.
And the product category is improving, which compared with the domestic manufacturers, has a strong competitive advantage.
Ms Elwa Lee
Mobile/WhatsApp: 0086-15899675236
Tel: 0086-769-23190193
Fax: 0086-769-88705839
Email: Elwa@otaisteel.com