Professionalization, collectivization, and clustering are the developing trend in Fastener Industry in recent years. After launching the strategies of “One Belt and One Road” as well as “Walking-out”, demands of machinery basic products including sealing elements and fasteners are predicted to grow rapidly at double-digit rate annually. It is estimated that by end of 2015, the total output of Fastener Industry will reach to 7.5 million to 8 million ton. Such a prediction indicates a demand of cold-forged wires in Fastener Industry will be aprx. 8.9 million to 9.5 million ton.

By far, China’s fastener output takes a quarter of the total output in the world. Among which, most of them are the low-strength and low-end fasteners. Standard parts under Grade 8.8 take 45% to 50% of China’s fastener output. Under the circumstance of highly pricing raw materials, the over-production of low-end fasteners has turned into the obstacle of development for the whole industry. To head for the high-end fasteners should be the only way out for fastener industry.