Chinese Train Wheel Maker to Produce Wheels Domestically to Replace Imported Wheels
According to a Chinese train wheel maker, domestically produced wheels for high speed trains that runs at 250 kilometers an hour will be used to replaced the imported wheels being used during the first half of 2107. As of the moment the wheels being used on the high speed trains, except for those in the experimental and test purposes are all imported as based on a statement from Su Shihuai, vice-president of Ma’anshan Iron & Steel Co Ltd, a company controlled by Masteel Group.
The company more known as Magang Group or Masteel stated that their train wheels have speed standards of 250 km/h to 350 km/h and have undergone 250,000 to 300,000 kilometers of field tests.once completed the test for each of the two specifications will cover a distance of 600,000 kilometers. After the test s are done, which is conducted by China Railway Test and Certification Center, the wheels will be mas produced. Prices of said wheels will then drop significantly and will benefit the development of the high speed train sector in home and abroad.
Founded in 1950, Masteel is located in Ma’anshan in the eastern part of Anhui province in China and was the birthplace of the first train wheel production line in China by 1064 and enjoyed 50 percent share of the domestic train wheel market. Then in 2008, Masteel signed an agreement with the Ministry of Railway to localize the manufacturing of train wheel for high speed trains. Developing high speed wheels is time consuming and comes with great challenges in the country’s steel sector that has been trapped in overcapacity difficulties in the past years.
Masteel has produced 20 million metric tons of iron and steel, although wheel manufacturing consumes just 1 percent of Masteel iron and steel production, it was one of the most profitable component of the company for decades having an average profit rate of 30 percent. Difficulties came from the decline of domestic demand for traditional train wheels and in the first four months of 2016, the company sold about 32,400 tons of train wheels a decline of 20 percent compared to the same period last year.