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Cost status of foundry industry in China

2021-04-15
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Since 2000, when China surpassed the United States for the first time to become the world's largest casting producer, it has been ranking first in the world. In 2015, under the influence of national macroeconomic environment changes, the total production of casting parts in China showed negative growth for the first time, with a year-on-year decline of 1.30%. In 2016 and 2017,In the automobile, rail transit, mining and metallurgy heavy machinery, construction machinery and other downstream demand stimulation, China's foundry has recovered the growth trend.In 2019, China's casting output reached 48.75 million tons.


In China, the price of metal raw materials has been rising continuously since February 2021, leading to the continuous increase of production costs. The price of scrap steel by April 2021 has increased by more than 15% in December 2020.At present, China's investment casting industry is faced with the increasing labor cost, material cost and employee pension insurance cost, and the global investment casting industry is facing more and more fierce competition.


Hing into precision casting co., LTD. Has been for global customers with stable quality and excellent service, in the face of the current situation of the development of investment casting industry hing into precision casting co., LTD., always maintain a good momentum of development, has always been cooperating with Chinese environmental protection plans, efficient production also cooperate with global customers about the quality of the parts and the delivery time.In the future, we will work with global customers for mutual benefit and win-win results, and adhere to the quality consistency of Xingcheng Precision Casting Co., Ltd.


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