Summary of Challenges and Development Opportunities in the Forged Steel Ball Industry Currently, the forged steel ball industry is under the dual pressures of intense market competition and fluctuating demand. Small and medium-sized mines have reduced production due to environmental protection and the industry's downturn, resulting in a decline in steel ball demand. Large enterprises have lowered prices in bidding and procurement, and the accumulation of inventory by some enterprises has pushed the industry into a price war quagmire. In the next two years, there may be a wave of business closures or transformation among enterprises. To break through the predicament, enterprises have taken multiple measures: First, they have established joint ventures with large mines to optimize resource collaboration; second, they have laid out forging and hot rolling production lines in steel mills to expand high-value-added products; third, they have enhanced competitiveness through technological innovation, such as Guangping County Steel Nu New Materials Company developing an intelligent production line, which has increased production efficiency by 1.5 times, and has collaborated with several universities to develop wear-resistant new materials. It is expected to launch new energy-saving and consumption-reducing products in September. Furthermore, the enterprise is actively expanding its overseas market. The export proportion of Shangnu Company's products reaches 85%, covering more than 20 countries. This year, it has received orders from countries such as Chile and Poland, and the production schedule is extended until the end of June. Despite the severe challenges in the industry, through technological upgrading, cooperation transformation and international layout, the forging steel ball industry is expected to achieve high-quality development.