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Fastener and other basic parts industry depends on raw materials. The rise of raw materials will naturally increase the production cost of automobile fastener manufacturers. In the current situation, automobile fastener manufacturers should adjust the product structure in time, control the investment scale and reduce the non production expenditure, which is undoubtedly of positive significance.
Looking back on the history of fastener and other basic parts industry, we can find a regular phenomenon, that is, every time the market is booming, the product saturation is bound to appear, followed by macro-control and compression, and then another round of short supply, so the product saturation occurs again.
If automobile fastener manufacturers want to save the cost of materials, they have to invest in technology. With good technology, they can open up a broader market for themselves.
