Fasteners and other basic components industry is dependent on the raw materials industry, rising raw materials will naturally increase the cost of automobile fastener manufacturers. In the current situation, automobile fastener manufacturers should promptly adjust the product mix, control the investment scale, and reduce non-productive expenses. This undoubtedly also has positive significance.
Reviewing the history of fastener and other basic parts and components industry, we can find a regular phenomenon, that is, whenever the market appears to sell well, followed by inevitable product saturation, followed by macro-control and compression, followed by another round of demand, so the product Saturated again.
Car fastener manufacturers want to save money on materials, you have to invest in technology, with good technology, but also for themselves to develop a broader market.