HBIS HanDan Iron & Steel Group Company Limited has reportedly developed 60 mm and 80 mm 20CrMnTiH1 gear steel, the most high end product in 20CrMnTiH1 series. Numerous steel companies are developing auto steel products, trying to take a share in lucrative market.
China’s September auto sales rose 2.5% from a year earlier, its slowest pace in 19 months, dragged down by sluggish sales of commercial vehicles such as trucks.
China Association of Automobile Manufacturers expects the market to expand 8.3 percent this year, slowing from last year’s 13.9% pace.
Source – steelhome
Yaang Pipe Industry