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Largest slewing bearing rolled off line; Winter production cuts heat up steel price

Quick know of China Bearing Industry News in recent days.

Open in WEB TBB Industry News on Dec 2017 The largest, heaviest, highest-precision Split Oversize Slewing Bearing rolled off the line in LYC on 29th, October, certified by ship classification society, which refreshes the records in China.   The Diameter of this bearing reaches to 12.23m, weight 90MT, it is used in the marine engineering field. Winter production cuts in China heat up steel prices Following structural supply reform in China, steel mill capacity utilisation has already increased to 85%.  Any further supply tightening from the winter “heating season” cuts will increase margins and steel prices. But, the depth, pace and timing of cuts are highly uncertain and they may not reach the 50% mandated by the government.  This winter will likely see the market tighten further as cuts to iron and steel production are mandated in order to try and manage air pollution in major population centres over the winter “heating season”. Automechanika Shanghai 2017 Automechanika Shanghai (China), the world’s second largest brand trade fair for automotive parts, equipment and automotive service suppliers, was held in Shanghai, China from 29th Nov. to 2nd Dec. 2017. Automechanika Shanghai 2017 was expected to attract 130,000 visitors from 140 countries & regions and 60,000 exhibitors from 42 countries & regions Made in China V.S. Made in Germany “Made in Germany” is a synonym for excellent quality; but “Made in China” was put labels of inferior quality once because of cheap copies. However, according to a survey result by DGQ and Innofact, the situation changes a lot. 80% of Germany think that “Made in China” is the competitor of “Made in Germany”, 54% of which think that competitors from China are moving faster and will surpass the creative ability of German brands and entrepreneurs. UNSUBSCRIBE!