It is understood that since April, the number of stainless steel fastener enterprises to reduce production and stop production has gradually increased. According to incomplete statistics, the current domestic production of stainless steel fasteners has decreased by 60%.


Since the beginning of this year, domestic stainless steel fastener export orders have fallen sharply, while stainless steel domestic sales have been suppressed by the sluggish real estate market, the demand is not strong, and the profits of stainless steel smelting enterprises have fallen sharply.


Because of the decline in orders and profits, most of the small and medium-sized stainless steel fastener companies have stopped production; while the large fastener companies have only shrunk part of the market due to the continued weakness in the market. It is reported that a large-scale stainless steel fastener enterprise in China, due to the decline in profits and the reduction of orders, the capital chain is tight, and the operation of the enterprise is in jeopardy. Affected by the weakening of terminal demand, the decline in stainless steel prices and the increase in production costs, stainless steel manufacturers have been reporting production cuts and changing production systems since May. At the same time, the company also lowered the purchase price of nickel pig iron. This week, a large stainless steel factory in Jiangsu reduced the purchase price of high nickel iron by 40 yuan/nickel point compared with last week.


The global economic downturn and sluggish terminal demand have caused smelting enterprises to suffer heavy setbacks. Maintaining stable production and preventing the spread of the sluggish market is a problem that most manufacturers need to face at present.