Making inroads into a considerably large portion of the domestic market, taking more than 50% of the total distribution volume in large sizes
Just like the inflows of Chinese hexagon bolts andnuts made of ordinary steel products into the domestic distribution market that have sharply increased just over a few years in the past, the import portion of stainless hexagon bolts and nuts from China in the overall imports of the products under the same product category in standard sizes is increasing at a fast pace.
Industry officials said that Chinese stainless bolts and nuts are presumed to have already taken a substantially large portion of the domestic distribution market where cost for domestic materials is so high thatcompetitiveness of domestic productshas been deteriorated in price and any specific high technology is not necessary in production. Particularly in the case of large-sizeproducts, the market share of the Chinese products has been increased so high as to make a lot of marketers believe they have already taken more than 50% of the total related market.
Meanwhile, the market share of the domestic products is analyzed to have sharply decreased at a fast pace due to a rise in cost for materials and the makers' growing difficulties in applying such a cost increase to their selling prices in the market. In fact, even if it is not an explosive rise in any products necessary for use in the parts for automobiles or electronicgoods, for which high quality is necessary, the steadily growing demand is supporting such an analysis.
jhyou@snmnews.com