Tungsten Carbide Production Will Reach 30,000 tons

In last year, China's tungsten carbide production was 23,500 tons, the carbide industry sales income is 20.9 billion Yuan, tungsten carbide export volume is nearly 5,000 tons，export is more than 360 million U.S. dollars. Tungsten carbide deep-processing products production reached 6,600 tons, it accounts for 1/3 of the alloy total output. The tungsten carbide product variety is basically complete, and specification is more than 40,000, production and variety can meet the basic needs in the field of China’s economy.

With the rapid expansion of China's automobile industry, the demand for auto parts processing cutting tools is increasing; China’s steel, transportation, construction and other fields are also increasingly strong demand for tungsten carbide. In the foreign Carbide MNCs' Strategic picture, the Chinese market has been quietly from a supporting role to the protagonist. To the end of "12th Five-Year Plan", China tungsten carbide production reached 30,000 tons, sales income reached 30 billion Yuan, and deep processing products accounted for more than 40% of the total of the tungsten carbide. Compared to the "11th Five-Year Plan", exports will double, and strive to surpass 1 billion U.S. dollars. Tungsten carbide will develop in the direction of intensive processing and a complete set of tools; develop in the direction of ultra-fine, ultra-thick and coating composite structure; develop in the direction of recycling economy, energy saving and environmental protection; and develop in the direction of precision, miniaturization.

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