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ShenZhen E-BON Industrial Co..Ltd
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The status quo and prospects of Chinese stainless steel

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The status quo and prospects of Chinese stainless steel

2018-07-16 11:39:59

From the supply side, China's stainless steel capacity concentration is higher than the domestic steel industry, lower than its foreign counterparts. In 2017, China's top ten stainless steel producers accounted for 85% of China's total output. At the same time, China's stainless steel capacity utilization rate has been fluctuating at the level of 60-70%, and the utilization rate has been low. By 2020, China's new stainless steel production capacity will reach 7.5 million tons, the total production capacity will reach 44-45 million tons, and the capacity utilization rate will still fluctuate between 60-70%.


From the perspective of consumption, in 2017, China's stainless steel consumption reached 20 million tons, accounting for 2.58% of the total steel consumption, and will continue to maintain rapid growth in the future. In the consumption structure, tableware, products and electrical appliances accounted for 32.6%; followed by construction, structure and decoration, accounting for 24.6%; followed by transportation, energy and industry, accounting for 14.4% and 13% respectively. And 11%. China's stainless steel application areas are expanding and enriched, and the future consumption structure will be more balanced and reasonable.

From a technical point of view, China's stainless steel production(Stainless Steel Bathware supplier) process technology is continuing to catch up, and even lead the development of the global stainless steel industry. The technological innovation represented by ferronickel instead of nickel plate, RKEF integrated process and cold continuous rolling technology has greatly reduced the raw material and manufacturing cost of stainless steel, and laid the cost advantage of Chinese stainless steel, which drove the global price of stainless steel to drop sharply. In 2016, China's stainless steel net exports reached a peak of 3.22 million tons, and high-end, specialty stainless steel products emerged and replaced imports.
From the product point of view, the current domestic stainless steel products accounted for 28% of the 200 series, the 300 series accounted for 52%, and the 400 series accounted for 20%. Compared with mature markets in developed countries, China's 200 series stainless steel accounts for a relatively high proportion. With the long-term accumulation of waste stainless steel, the problem of 200 series scrap recovery is getting more and more passive. In 2017, the proportion of the 200 series declined for the first time in China. It is expected that China's 200 series products will decrease in the future, and the proportion of 400 series products will increase.