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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