Bearing market will usher in rapid development

Precision bearings and other basic mechanical foundry industry for the country "Twelve Five" period focus on the development of the industry, in order to achieve economic growth target raised by the two organizations, infrastructure projects around the city set off a climax construction, railways, affordable housing, water, ports, airports, etc. intensive major projects started construction machinery manufacturing industry led the recovery, driving demand for construction machinery, bearing steel market demand also will be released. Meanwhile iron ore, coke, high-chromium steel raw material prices continued to run high, so that the bearing steel production costs continue to rise, driven by rigid cost, prompting steel prices rise, thereby further driving bearing steel market prices, these two positive factors stable growth stimulating domestic demand.
Currently Bearing Manufacturing industry was strong, steady bearing steel market will bring positive effects to the good. Number of substantial growth in demand for high-end Precision bearing  such as aerospace bearings, machine tool spindle speed precision bearings, high-speed spindle bearings, precision bearings for machine tools photovoltaic industry, high-speed rail bearings, automotive bearings, crane sheave bearings and so on.
Faced with these high-end needs, local government policies to support the bearing industry, and actively cultivate bearing modern industrial clusters, to create the bearing industry base, around the adjustment of product structure, with the innovation-driven business transformation and upgrading, the completion of new product development, high-end product development projects bearing , technology innovation projects, testing and application of basic research projects are in full swing, railway bearings, steel series bearings, drive series bearings etc contrarian growth.
Thus, the bearing manufacturing industry will embark on international high-end line, the future bearing manufacturing industry will also be based on high-end products, the domestic bearing steel enterprises to vigorously develop the domestic and foreign high-end market, creating new economic growth point.