Precision bearings, and other basic mechanical casting industry for the country during the period of "twelfth five-year" focus on the development of industry, in order to achieve economic growth targets put forward by the two sessions, around the city infrastructure construction engineering construction development climax, railways, housing, water, ports, airports and other major projects intensive starts to drive the recovery of engineering machinery manufacturing, pull the engineering requirements, bearing steel market demand has been released. And iron ore, coke, high chromium steel raw material market prices continue to run high, production of bearing steel into the rising unceasingly, the cost of rigid, pushing steel factory price increase, thus further promote bearing steel market prices rise, both positive factor to stabilize the growth stimulating domestic demand.

Strong domestic bearing manufacturing industry development at present, the bearing steel market steady positive will bring good effect. A number of high-end bearing demand growth, such as aerospace bearings, machine tool spindle with high-speed precision bearings, high speed motorized spindle bearings, photovoltaic industry machine tool precision bearing, high-speed bearing, auto bearing, crane pulley bearing and so on.

Facing these high-end demand, government policy support around the bearing industry, actively cultivate bearing modern industrial cluster, make bearing industrial base, product structure adjustment, around enterprise transformation rise is driven by innovation level, to complete the new product research and development, the high-end bearing product development projects, technology innovation, test and application of basic research projects also in full swing, railway bearing, bearing steel series, driving series bearing inverse potential growth.

Thus, bearing manufacturing industry will be on the international high-end course, future bearing manufacturing industry development will be based on high-end products, domestic bearing steel enterprises should vigorously expand domestic and foreign high-end product market, create new economic growth point.