Cold heading process is a processing method that utilizes the plastic deformation of metal under external forces, and with the help of molds, redistributes and transfers the volume of metal to form the required parts or blanks. Cold heading steel is a special type of steel that uses cold heading technology to manufacture various connectors and fasteners. According to different materials, common cold heading steels can be divided into three categories: carbon steel, alloy steel, and stainless steel. Cold heading steel has excellent properties such as strength, wear resistance, and toughness, and is widely used in fields such as automobiles, machinery, construction, and electronics.
At the beginning of the 20th century, with the acceleration of global industrialization, more and more enterprises needed high-strength and high-precision components to manufacture various products, and traditional hot working processes could not meet these needs. Therefore, American related enterprises began to use cold working processes in steel manufacturing, which led to the emergence of cold heading steel. Subsequently, with the continuous progress of global science and technology, and the widespread application of new processes and materials, cold heading steel has significantly improved in strength, wear resistance, toughness, and processing performance. At the same time, its application fields have also continued to develop and expand.
From a global perspective, China is the largest market for cold heading steel production and consumption, accounting for over 35% of the market share, followed by the United States and Japan. At present, the main global producers of cold heading steel include Masteel Group, ArcelorMittal, Nippon Steel, Shagang Group, Hualing Xianggang, Anshan Iron and Steel, Shougang Group, etc.
According to the “2024-2028 Vietnam Cold Heading Steel Market Deep Research and Analysis Report” released by the New World Industry Research Center, Vietnam is located in Southeast Asia, adjacent to countries with fast economic development such as China and India. Coupled with stable social security, abundant and affordable human resources, it has attracted many international enterprises to consider it as a production base and an important component of the supply chain. With the entry of a large number of international enterprises, Vietnam’s construction and industrial sectors have flourished, and the demand for various components and fasteners continues to increase, including cold heading steel products.
The completeness of infrastructure is crucial for national economic growth and industrial development. As the population of Vietnam continues to increase and the urbanization process continues to accelerate, the demand for infrastructure has significantly increased. The Vietnamese government is increasing investment in infrastructure construction, encouraging relevant departments and enterprises to undertake various infrastructure projects and build various infrastructure on a large scale, including roads, bridges, ports, airports, etc. These projects usually require a large amount of cold heading steel products to ensure the safety and reliability of infrastructure, therefore, the development prospects of Vietnam’s cold heading steel market are very broad.
In addition, Vietnam’s industrialization process is also accelerating, and the demand for cold heading steel is constantly increasing in various industries such as automotive manufacturing, aerospace, electronic equipment, and energy. Especially in emerging technology fields, such as renewable energy and electric vehicles, the demand for cold heading steel is further driving up. According to market analysts from Xinsijie Vietnam, in short, the Vietnamese economy is in a stage of stable growth, and various industries have strong development potential, resulting in a sustained upward trend in demand for cold heading steel.
Post time: Jun-18-2024