Chinese tungsten carbide market: from minor character to a major one

With the rapid expanding of Chinese automobile industry, the demand for cutting tolls used for automobile parts & components processing is increasing growing. Besides, the demand for tungsten carbide in steel, transportation, construction and other sectors is more and more strong. The Chinese market has quietly evolved into a major character from a minor one, according to the strategic prospect of foreign tungsten carbide multi-national companies.

By the end of the five-year plan in 2015, the output of tungsten carbide in China will reach 30,000 tons, and sales revenue will reach 30 billion yuan. The exports double that of the 11^th five-year plan period, trying to exceed 1 billion dollars.

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