Casting Industry Prospect of China Is Optimistic

  • Thursday, September 26, 2013
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  • Keywords:casting
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[Ferro-alloys.com]In recent years, as demand both at home and abroad had increased progressively, casting products of China, especially stainless hardware casting products were greatly welcomed. Industry exporters summarized two major reasons:
 
First, as economy status of China rose and its casting industry developed continuously, more and more hardware casting was exported abroad and demand increase overseas had contributed much to the output increase of Chinese casting business.
 
Second, quality of domestic hardware casting had improved much in the past years. Manufacturers must develop technology vigorously and acquire the research patent & the right to the use of high-end technology, which was the key to the development of casting industry.
 
In recent years, Chinese government had issued a series of policies to support casting industry vigorously. However, much more needs to be done. For example, on the approval of new casting projects, the government should simplify procedure, reduce links and provide expedite service. Tax preference should be provided to casting manufacturers that did well in circular economy, safe production, environmental production, energy conservation and cleaner production. Local government should support casting enterprises by financing measures. With these policy supports, Chinese casting industry would surely see long-lasting and stable development in the changeable market environment nowadays.
 
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