China’s forging industry has made remarkable progress since 1978. Currently, the annual output of functional forgings reaches 11 million tons, occupying 39% of global production. Taking steel balls, hand tools, medical devices and standard components into account, the production increases to 16.5 million tons. With roughly 400,000 employees, China is the largest global producer of forgings with the most complete forging capacity.
China’s forging industry is striving to produce forgings with higher precision, higher efficiency, more pervasive digitalization, lighter weight and lower energy consumption due to market and government pressure. Many excellent achievements have been seen in forging-machinery R&D and manufacturing, application of simulation, IT application and especially precision forging.