Core Insights - The Chinese pre-hardened high-speed tool steel industry is experiencing growth, with a market size projected to reach 3.1 billion yuan in 2024, reflecting a year-on-year increase of 12.7% [1][7] - This growth is driven by the rapid development of key downstream industries such as automotive manufacturing, aerospace, and mold manufacturing, which significantly increases the demand for high-performance tool steel [1][7] - The "Made in China 2025" initiative and related plans for high-quality manufacturing development are creating a favorable environment for the growth of the pre-hardened high-speed tool steel industry [1][7] - The market size is expected to continue growing, reaching 3.5 billion yuan by 2025 [1][7] Industry Overview - Pre-hardened high-speed tool steel is a type of high-speed tool steel that has undergone special heat treatment to achieve a specific hardness before manufacturing, simplifying processing and reducing deformation risks [3] - The industry supply chain includes upstream resources such as iron ore and strategic metals, midstream production, and downstream applications in automotive, aerospace, mold manufacturing, and energy equipment [4][5] Market Dynamics - The production of iron ore in China has been increasing, from 84.4 million tons in 2019 to 104.2 million tons in 2024, although a slight decline of 3.2% was noted in early 2025 [6] - The automotive sector is a significant application area for pre-hardened high-speed tool steel, with production and sales of automobiles in China rising from 25.7 million units in 2019 to 31.3 million units in 2024, indicating a growing demand for automotive components [6][7] Competitive Landscape - The industry features a diverse competitive landscape, with leading companies like Baosteel and Ansteel holding significant market positions due to their strong R&D capabilities and brand influence [8] - Baosteel, a key player, reported a revenue of 232.4 billion yuan in the first nine months of 2025, with a net profit of 7.96 billion yuan, reflecting a year-on-year profit increase of 35.32% [9] Future Trends - The pre-hardened high-speed tool steel industry is expected to adapt to raw material price fluctuations and international trade uncertainties by enhancing supply chain resilience [10] - The industry is also expanding into new applications beyond traditional sectors, such as renewable energy and high-end medical products, indicating a diversification of market opportunities [10]
研判2025!中国预硬化高速工具钢行业产业链全景、市场规模、竞争格局、发展趋势分析:下游需求爆发,预硬化高速工具钢市场规模稳步增长[图]
Chan Ye Xin Xi Wang·2025-12-30 01:26