Analysis of fastener industry chain part three

Fastener Industrial chain analysis

1. Upstream industry

The iron and steel industry is an indispensable strategic basic industry, which plays an important role in the production and life of modern society; The rapid development of the iron and steel industry system has effectively promoted China's industrialization and urbanization process while meeting the demand for steel in downstream industries. According to the data of the National Bureau of Statistics, China's crude steel and pig iron output in 2021 will be slightly lower than that in 2020, with 1.033 billion tons and 869 million tons respectively; Steel production continued to maintain a growth trend during 2017-2021, from 1.046 billion tons to 1.337 million tons. At this stage, the steel industry is facing green transformation, and the national policy dividend is frequent. The supply of the steel industry is expected to maintain stability, providing an adequate raw material base for fastener manufacturing.

(2) Non-ferrous metals
Non-ferrous metals are the key basic materials for the development of economy, science and technology, national defense construction, etc., and their status in society is becoming more and more important. The production of China's nonferrous metal industry is running smoothly and its development continues to improve. In 2017-2021, China's output of ten nonferrous metals shows a steady upward trend; The output will exceed 60 million tons in 2020 and increase 4.6% year-on-year in 2021 to 64.54 million tons. With the implementation and implementation of the domestic stable growth policy and the inclination of investment from all sectors of society to the real economy, the resilience and elasticity of the non-ferrous metal industry have become prominent.