Chinese Spring Steel Market to Exceed 545 Thousand Tons by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive Chinese report on Spring Steel market. Chinese market for spring steel is projected to exceed 545 thousand tons by the year 2015. This is primarily driven by industrialization, growth of automobiles industry, mining industry, petroleum industry, logistics industry, railways, and other expanded applications in the Chinese market.

Spring Steel - A Chinese Market Report

Spring steel business, a part of special steel industry, includes the development, manufacture, and distribution of high quality steel, mostly used in the manufacture of springs and other mechanical components. Spring steel industry serves automobile industry, construction industry, railways, and several other industries. The industry is highly consolidated and virtually void of competition. Niche status of the industry and high entry barriers resulting from high level of technology orientation are the prime reasons for the absence of competition.

Automotive sector is the leading end-use market for spring steel, as stated by the new market research report on spring steel. Other major end-use markets include the railways, construction, and industrial equipment industries. The demand for spring steel relies on the growth of the end use industries. Replacement demand is a major factor driving the demand, as springs need replacement at a relatively high frequency.

In China, spring steel is mainly employed in the manufacture of leaf springs for military vehicles, trucks, and couplings and bogies for trains. Although there are several companies that are into generic steel business in China, the companies that make spring steel are few.

Key players profiled in the report include Angang New Steel Co. Ltd, China Nickel Resources Holdings Co. Ltd., Daye Special Steel Co. Ltd., Dongbei Special Steel Group Co. Ltd., Hubei Xinyegang Co. Ltd., Jiangsu Shagang Group, Jiangsu Shagang Group Huaigang Special Steel Co. Ltd., Jiangyin Xingcheng Special Steel Co. Ltd., and Xinyu Iron & Steel Co. Ltd. among others.

The report titled "Spring Steel - A Chinese Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The study analyzes market data and analytics in terms of volume sales for China by the following end-use segments - Automobile and Railways, and Others.

For more details about this comprehensive market research report, please visit -

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
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