Iron powder is a basic raw material for powder metallurgy industry. 85% of iron powder is used in the manufacture of powder metallurgy parts, with 70% ~ 80% of the powder metallurgy parts are used in automobile industry. The rest of the iron powder used in chemical industry, magnetic material, cutting, welding rod, heating material etc.
Development scale and level of iron and steel industry is a sign of a nation and region economy development, it has an important position in economy construction. Demand for steel and iron grows rapidly, the imports rely of ore resources of foreign is getting higher and higher, has reached more than 30%. In fact our country is a steel country but not a great power. steel with good quality and special steel material still need to rely on a large number of imports. So accelerate the development of high quality steel materials of our country is a realistic problem in front of us. Once reduced iron powder is a kind of more advanced metallurgical materials. Its products of powder metallurgy parts are widely used in automotive, mechanical and electrical, home appliances, communications, machinery manufacturing and other components, and many other areas, the economic benefit is very considerable.
At present, the industry of our country is developing rapidly, as the adjustment and upgrading of industrial structure, the domestic demand of powder metallurgy products in 20%~30% growth rate, which is the force driving the rapid development of iron powder production in China in recent years. However, at present in our country, powder metallurgy parts has pretty large gap compared with the developed countries. Gap is the driving force for the development of the industry, at the same time also indicates the powder metallurgy has wide development prospects.
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