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In recent years, the rapid growth of China's machinery, automotive, home appliance, and electronics industries has created a massive demand for molds, making it the key driver behind the expansion of China’s mold industry. China has gained a strong foothold in the low-end mold market, with international buyers increasingly turning to Chinese suppliers. Meanwhile, the global shift of mold manufacturing from developed countries to China has accelerated significantly. It is anticipated that the mold industry will continue to thrive in 2013 and maintain a strong growth trajectory in the coming years.
As the working conditions for molds become more demanding, the quality requirements for mold steel have also risen. Purity, isotropy, and overall performance are now critical factors in determining the effectiveness and longevity of mold tools. To meet these higher standards, mold steel is evolving rapidly toward diversification, refinement, and productization. In many advanced countries, the "electric furnace + vacuum arc remelting" process is commonly used to produce high-purity mold steels, especially for large sections and complex components. For mold steels requiring even greater cleanliness and homogeneity, electroslag remelting (ESR) is often employed to enhance the material’s density, isotropy, and resistance to segregation.
Furthermore, foreign tool steel manufacturers are consolidating their operations, with many companies merging across borders to build state-of-the-art production lines and research centers. This trend has led to the formation of several globally recognized tool steel and mold steel production hubs. In this context, Chinese enterprises should also embrace similar strategies—focusing on enterprise integration, technological innovation, and increased investment in R&D to narrow the gap with leading international players. By doing so, China can not only strengthen its position in the global mold steel market but also ensure long-term competitiveness in an ever-evolving industrial landscape.
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