Global Stainless Steel Industry Development Status

World stainless steel production in 2002-2012 has the overall upward trend, and the world's stainless steel production in 2012 rose from 20.69 million tons to 25.9 million tons, an increase of 5.21 million tons. In 2005, world stainless steel production for the first time has a negative growth, and the year-on-year decline is 1.00%. Benefited from the United States as well as in China release accelerated the world stainless steel production in 2006 reached a peak, stainless steel pipe manufacturer rapidly increased and growth of stainless steel production capacity is up to 28.4 million tons, a year-on-year growth of 16.87%. In 2006, stainless steel production growth rate is more than 15.00%, which was mainly due to the U.S. new capacity driven. Stainless steel crude steel production capacity in China to release a large number of stainless steel growth rate in Asia in 2006 ranked first in the world, more than half of the worldwide stainless steel production. Strong impetus came mainly from China. Americas’ stainless steel grew by 9.80%, and produced nearly 300 million tons; Central / Eastern Europe stainless steel production increased by 17.1%, to 363,000 tons.

Development Characteristics of Global Stainless Steel Industry

The world stainless steel industry production capacity and production is mainly concentrated in Western Europe, Japan, the United States and other Western countries. The steel tube supply is mainly in Asia as well as Europe and the United States. In recent years, Asian stainless steel producers to maintain high-speed growth, mainly from stainless steel consumption per capita in China and India. The European Union, Japan and the Far East outside the Chinese mainland stainless steel material resources was a serious oversupply situation, stainless steel supply surplus in these regions or countries, mainly rely on the Chinese mainland market to absorb and digest. Future, China and India will be the world's two stainless steel production capacity for significant growth countries. China is a significant expansion of the stainless steel production capacity, the number of Chinese net imports of stainless steel will be declining, and resulting in many stainless steel exporter of stainless steel production capacity utilization is low.

Global Stainless Steel Future Development Trends

The world steel industry will enter a golden period of growth of 10 to 20 years. As the steel industry is the most important part of the stainless steel industry and no doubt will enter a better boom cycle. Seen from the per capita consumption of stainless steel, per capita consumption of developing countries is very low. With the process of industrialization and urbanization in developing countries in Asia, Africa and South America, the future for a long period of time, the world steel consumption will be a high-speed growth. And the international steel industry boom cycle creates a favorable external environment for the development of China's stainless steel industry.

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