BLOG|2017-09-27

China’s stainless steel industry development process

China's stainless steel industry development started late, from the founding of the country to reform and opening up, China's demand for stainless steel is mainly based on industrial and national defense-based use. After the reform and opening up, the national economy rapid developed, the people's living standards improved significantly, pulling the demand for stainless steel. Into the 90s of last century, China's stainless steel industry into a period of rapid development, the demand for stainless steel growth rate is much higher than the global level. Since 1990, the apparent consumption of stainless steel in the world increasing with an average annual growth rate of 6%, the 90's 10 years, China's apparent consumption of stainless steel average annual growth rate is 2.9 times of the world. Into the 21st century, China's stainless steel industry growingrapidly. 2000 - 2006, China's annual growth rate of stainless steel consumption is more than 21.17%. Among them, in 2001, China's apparent consumption of stainless steel reached 2.05 million tons, more than the United States and become the world's largest stainless steel consumption country. In 2008, China's apparent consumption of stainless steel reached 6.24 million tons, down 5.17% year on year. In November 2011, China's stainless steel production increased by 11.1% to 12.5 million tons. Production 336,800 tons of stainless steel products, an increase of 65.25%. Guangdong Province is China's main production base of stainless steel products, its output reached 183.7 million tons, an increase of 41.76%, accounting for 78.62% of the total output of China. China's stainless steel industry in the raw materials of chromium and nickel is oversupply in foreign countries, and in China is the situation in short supply; stainless steel is overcapacity, oversupply, profit margins fluctuate frequently. With the increasing competition in the stainless steel industry, large-scale stainless steel production enterprises mergers and acquisitions and capital operation increasingly frequent, domestic outstanding stainless steel production enterprises pay more and more attention to the industry market research, especially the in-depth study of enterprise development environment and customer demand trends. Because of this, a large number of domestic outstanding stainless steel brand quickly rise, and gradually become the stainless steel industry leaders!