Jinan Haoyang Forging's orders for exporting forged steel balls have increased by 40% year-on-year.
Thanks to the growth of the global steel ball market, the export orders of Jinan Haoyang Casting and Forging increased by 40% year-on-year. The US market accounted for over 60% of its sales. Its core forged steel balls are designed with wear-resistant properties to meet the demands of overseas mines. By leveraging its transportation hub advantages, it shortens the delivery cycle. It is expanding into emerging markets such as Southeast Asia and expects its annual export volume to exceed 8 million.
In the context of the global steel ball market poised to exceed 26 billion yuan, Jinan Haoyang Casting and Forging Co., Ltd. recently disclosed that its export orders for forged steel balls have increased by 40% compared to the same period last year. Among them, the U.S. market accounts for 60%, becoming the core engine for the company's growth.
As a well-established enterprise with a 15-year history in the field of wear-resistant materials, Haoyang Casting and Forging's forged steel balls mainly feature two core specifications - 88% and 14%. With the characteristics of "wear-resistant and durable, suitable for high-strength scenarios", they have long served overseas large-scale mining projects. "Our products can meet the continuous high-intensity operation requirements of ball mills, and their lifespan in wet grinding environments is 1.8 times that of ordinary cast steel balls," said Zhang Xueyong. The company, leveraging the transportation advantages of the Jiqing Expressway and Yawang International Airport, has established a "production - inspection - delivery" full-process rapid response system, reducing the export delivery cycle to within 7 days.
Industry data shows that in 2023, the market share of domestic steel balls in the international market has risen to 25%. Haoyang Casting and Forging, with its import and export qualifications and stable quality, is accelerating its efforts to seize emerging markets such as Southeast Asia and South America. It is expected that this year's export volume will exceed 8 million yuan.
