“Steady growth” promotes rapid rebound of construction machinery casting market

Due to the recent policy measures of “Steady Growth” introduced by the State Council, the downturn and weakness of the casting industry in the past years have been swept away, which is changing the market expectations of my country’s construction machinery casting industry. Relevant data shows that the performance of major enterprises in the domestic construction machinery casting industry has shown a slight increase or even a decline since this year. According to the recent three steps of “steady growth” investment of “project approval, fund release, and start investment” by the government, it means that my country’s engineering The mechanical casting industry market is expected to rebound rapidly; at the same time, the high-speed rail construction that has emerged in recent years has a great demand for construction machinery castings.

According to industry insiders, the overall prosperity of the construction machinery casting market has improved, which is mainly based on the gradual improvement on the demand side. Water conservancy construction and urban rail transit new projects have brought support to the current difficult construction machinery casting industry.

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