2024

What is the impact of stainless steel production in our country on the stainless steel pipe industry?

Since the reform and opening up, China's stainless steel industry has developed rapidly. The industry's process equipment and technology have advanced, with a complete range of production process equipment and well-developed facilities. Products such as austenitic, ferritic, and duplex stainless steels have been developed to meet domestic needs. These products are widely used in various fields including chemical industry, pharmaceuticals, machinery, metallurgy, aerospace, papermaking, food, decoration, home life, wastewater treatment, seawater desalination, shipbuilding, environmental protection, boilers, pressure vessels, and power generation. The industry also has the capability to produce and process stainless steel products, which can basically meet the downstream industry's requirements for variety, specifications, and quality. A number of excellent stainless steel enterprises have emerged, which can meet the demand for stainless steel across various sectors in China, gaining industry recognition and gradually moving towards the international market.

Since the reform and opening up of the stainless steel industry in our country, the industry has developed rapidly, with advancements in process equipment and technology. The production process equipment is complete, and products such as austenitic, ferritic, and duplex stainless steel that meet domestic needs have been developed. These products are widely used in chemical, pharmaceutical, machinery, metallurgy, aerospace, papermaking, food, decoration, home life, wastewater treatment, seawater desalination, shipbuilding, environmental protection, boilers, pressure vessels, and electric power fields. At the same time, there is a capability to produce and process stainless steel products, which can basically meet the downstream industries' requirements for variety, specifications, and quality. A number of excellent stainless steel enterprises have formed, which can basically meet the demand for stainless steel in various industries in our country, gaining recognition in the industry and gradually moving towards the international market.

In 2023, China's crude stainless steel output reached 36.6759 million tons, an increase of 4.1006 million tons, a year-on-year growth of 12.59%.

Among them: Cr-Ni steel (300 series) 18.5194 million tons, an increase of 1.8389 million tons, a year-on-year growth of 11.02%, with a proportion decrease of 0.71 percentage points, accounting for 50.49%; Cr steel (400 series) 6.4795 million tons, an increase of 879,900 tons, a year-on-year growth of 15.71%, with a proportion increase of 0.48 percentage points, accounting for 17.67%; Cr-Mn steel (200 series) 11.2836 million tons, an increase of 1.3336 million tons, a year-on-year growth of 13.40%, with a proportion increase of 0.22 percentage points, accounting for 30.77%; duplex stainless steel output 393,381 tons, an increase of 48,228 tons, a year-on-year growth of 13.97%, with a proportion increase to 1.07%.

In 2023, China's apparent consumption of stainless steel reached 31.0822 million tons, an increase of 2.9697 million tons, a year-on-year growth of 10.56%.

The overall market sentiment has weakened, and stainless steel futures prices are experiencing fluctuations and corrections.

After the holiday, nickel prices have plummeted uncontrollably and may enter a period of fluctuation.

The overall market sentiment has weakened, and stainless steel futures prices are experiencing fluctuations and corrections.

After the holiday, nickel prices have plummeted uncontrollably and may enter a period of fluctuation.