China Tungsten Carbide Production Level
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- Category: Tungsten's News
- Published on Wednesday, 15 May 2013 11:11
- Hits: 2204
In 2012, China tungsten carbide production level reaches 1.65 million tons, 4,500 tons are for the production of cutting tools, on the quantity, there has no big difference with Japan. But after the tool is made, the value is only 800 million U.S. dollars, is far less than the $ 2.5 billion in Japan, which fully shows that the overall production level of tungsten carbide still has a considerable gap. Therefore, domestic enterprises can not meet the market demand, the needs of the manufacturing sector will have to rely heavily on imports to solve.
Data shows that the sales annual growth rate of the main foreign sales in high-end tool market of China reaches 30%, it is more than the average annual growth level of domestic knives.
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