1.The product has an extremely wide range of applications: covering industries such as building hardware, tools, structural components, containers, tableware, etc., as well as the consumer sector. It is a fundamental supporting industry of the national economy.
2. High proportion of raw material costs: Extremely sensitive to price fluctuations of raw materials such as steel and non-ferrous metals. Cost control is crucial.
3. A combination of technology-intensive and labor-intensive approaches: There are both highly automated precision manufacturing processes and labor-intensive assembly and processing stages.
4. Low industry concentration, intense competition: There are a large number of enterprises, and the products are highly homogeneous. The competition is mainly based on price.
5. Strong cyclical nature: Its development is highly correlated with the prosperity of downstream industries such as fixed asset investment, real estate, and automobile manufacturing, and is significantly influenced by the macroeconomy.
6. High environmental and safety requirements: The energy consumption, emissions, and occupational health and safety issues during the production process have received much attention, and environmental policies are an important influencing factor.




