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Lei Jianzhong: Development trend of Bearing and Bearing steel in China during 14th Five Year plan

https://en.steelhome.com [SteelHome] 2021-04-15 11:22:47

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XVII Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower during 9-11 April, 2021. Over 1,000 delegates from governments, associations, steel mills, miners, traders, research institutes and media attended.

The 10th International Steel Raw Materials Supply Chain Summit, 11th International Coal & Coke Development Strategy Summit, 9th China Commodities E-Commerce Summit and 2021 SteelHome Spring Report were simultaneously held.

Lei Jianzhong, chairman of Materials Department of Technical Committee of China Bearing Industry Association, delivered a speech titled Development trend of Bearing and Bearing steel in China during the 14th Five Year plan

Lei Jianzhong, chairman of Materials Department of Technical Committee of China Bearing Industry Association

Development status of bearing industry in the 13th Five Year plan: China's bearing industry has maintained a steady growth trend on the whole, and its technology research and development capability and technological equipment level have been greatly improved, its product structure has been gradually upgraded to the middle and high end, and its product quality has been steadily improved, basically meeting the supporting needs of national economy and national defense construction. The standard, technology, equipment and test level have been improved significantly. However, the following problems still exist:

1. Low price competition among manufacturers

2. Separation of upstream and downstream technology cooperation

3. Lack of high-level talents.

The development trend of the 14th Five Year plan is as follows:

1. The position of bearing manufacturing center in the world will not change obviously

2. Industrial structure adjustment, key technology upgrading and self-made high-end bearings are accelerated to meet the requirements of China’s manufacturing power.

Market situation:

1. Market competition will be more intense

2. Competitive characteristics change to quality priority

3. Enterprise brand and geographical location will become important factors.

(To contact the reporter on this story: jake.yang@steelhome.cn or 86-21-50585733 13816581143)
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