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Large Forging Industry Industry Chain Analysis

Large forgings are forgings produced by forging more than 1,000 tons of hydraulic presses, more than 5 tons of free-forging hammers, and forgings produced from over 6,000 tons of hot die forging equipment and over 10 tons of die forging hammers.

The main raw materials for the production of large forgings are steel ingots, scrap steel, supplemented with molybdenum iron, ferrochrome, nickel iron, ferromanganese, and ferrosilicon and other accessories. The upstream industry of steel ingots and scrap is the iron and steel industry. China's steel industry is greatly affected by the country's macroeconomic regulation and iron ore price fluctuations. Its price directly affects the prices of steel ingots and scrap, thereby affecting the prices of large forgings.

Large-scale forgings are the key basic components necessary for the equipment manufacturing industry, and their direct downstream manufacturers of complete sets of equipment for ships, power, engineering machinery, petrochemical, metallurgical and other industries will eventually be used in various related industries in the national economy. The downstream industry's requirements for the accuracy, performance, longevity, reliability, and other technical indicators of large-size forging products have dominated the technological trend of large-scale forgings industry, and the degree of prosperity of downstream industries has also directly determined the demand conditions and market capacity of large-scale forging industries.