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 11th five-year plan period, trying to exceed 1 billion dollars.

 

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