South Korean Fasteners Adapt to Market Demand Development Situation Worth China's Reference

There are more than 700 fastener manufacturers in South Korea and employ 13,600 people. In 2010, South Korea produced 760,000 tons of fasteners. In addition to meeting the needs of Korean companies, Korean fastener manufacturers also exported high-quality fasteners to China.

In the Korean automotive industry, the electronic and electrical industries started earlier than in China and the market is relatively mature. In addition, the development of the shipbuilding industry, which represents its heavy industry, also requires the use of a large number of fasteners.

The annual export volume of South Korean fasteners has remained within 150,000 metric tons. The main exporters are the United States, China, Japan, Canada and the European Union. The EU mainly imports carbon steel self-tapping screws, carbon steel screws up to 6mm, Stainless Steel and carbon steel hexagonal screws, and stainless steel nuts from South Korea. Among them, the number of stainless steel hex screws imported from South Korea is higher than that imported from Taiwan.

The response of mainland fastener companies has not been so flexible. In recent years, some small and medium-sized fastener enterprises have made large quantities of ordinary standard parts. They have not really brought core competitiveness to enterprises, but have been subject to changes in raw materials and labor costs.

In recent years, South Korean fastener manufacturing companies have adapted to market demand, and their core products have been continuously upgraded: from 8.8 to 12.9--14.9 high-strength bolts today, from technical services to solutions for mechanical fastening solutions, what the market needs, they are What is the camp? It does not stick to one of these links in this industry chain.