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 .

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 .

High Speed Steel

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

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Tel: 0086-769-23190193

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Email: Elwa@otaisteel.com