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Chinese stainless steel market will experience excess

9 June 2011
Chinese stainless steel market will experience excess

By assumption, analysts leader


the global steel market, Chinese


company Baosteel, the domestic demand for


stainless steel in the current year may


to demonstrate not more than 5−7%


growth. While the number produced


in China, stainless steel (according to


professionals Indian Stainless


Steel Development


Association) this year


will increase by 13% and will, according to


preliminary estimates, about 14


million tons. Thus, Asian


manufacturers of stainless metal


expect an excess of these products in


market. According to their calculations, the overproduction


steel in 2011, in China can


to achieve volumes of about 2.5 million tons.




No less promising professionals


of the industry see the development and global market


stainless steel. Thus, according to


ISSF (International Stainless Steel Forum), the current year


marked record volumes


release of stainless steel in the global


scale. Recall that for the first quarter


2011 global output


stainless metal exceeded


the 8.4 million tons, more than


8.5% above the same period


in 2010.








8 June 2011
14 June 2011