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Three analysis of China’s stainless steel industry in 2019

Half a month has passed in 2020, but looking back at the China’s stainless steel market in 2019, there is still a lot to remember for.

1·China’s Stainless Steel Production, 2009-2019

China’s stainless steel output in 2019 is significantly higher than in previous years, with the highest output in the past decade. It is estimated that the output of special steel (excluding stainless steel) will be 140 million tons in 2019, a year-on-year increase of 7.15%, accounting for 14% of total steel output; the output of stainless steel crude steel is expected to exceed 30 million tons, a year-on-year increase of 12.36%.

2·Import and Export Volume of Stainless Steel, 2009-2019

Chinese stainless steel relied on imports 10 years ago, which has led to high prices for domestic stainless steel pipes, especially duplex 2205 pipe. However, since 2010, the domestic stainless steel production has made a great leap forward, and the net import volume has turned negative, with exports mainly. According to incomplete statistics, stainless steel imports in 2019 are expected to be 1.15 million tons, a year-on-year decrease of 700,000 tons, a decrease of 37.84%; exports of 3.6 million tons, a decrease of 400,000 tons, a decrease of 10%.

3·Apparent stainless steel consumption in 2009-2019

Apparent stainless steel consumption in 2019 is also the highest in the past decade.

Apparent stainless steel consumption in 2019 is expected to be 24.6 million tons, a year-on-year increase of 15.15%. In the stainless steel variety structure, the proportion of 300 series stainless steel was 47.7%, an increase of 2.24% year-on-year; the proportion of 400 series stainless steel was 17.51%, a decrease of 3.04%; the proportion of 200 series stainless steel was 34.13%, an increase of 0.78%. Duplex stainless steel exceeded 200,000 tons for the first time, and the output of super austenitic stainless steel and nickel-based alloys increased significantly and replaced imports.


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