Stainless steel production in China has a history of 40 years. The sustained high-speed economic growth in China contributes to the sustained growth of stainless steel production and processing industry. In recent years, the output of stainless steel has increased year by year. In 2020, China's crude stainless steel output will reach 30 1.4 million tons, an increase of 740,000 tons compared with 20 1.9, and a year-on-year increase of 2.5%.

According to the statistics of Stainless Steel Branch of China Special Steel Enterprise Association, in 20021year, the national crude stainless steel output was 30.632 million tons, an increase of 493,000 tons, an increase of 1.64%.

In terms of steel grade ratio, 300 series stainless steel accounts for nearly half of the stainless steel market. 202 1 year Cr-Ni (300 series) stainless steel output150.67 million tons, accounting for 49.2% of crude stainless steel output. The output of Cr-Mn (200 series) stainless steel is 9.058 million tons, accounting for 29.6% of the output of crude stainless steel; The output of Cr(200 series) stainless steel is 6.267 million tons, accounting for 20.5% of crude stainless steel. 240,000 tons of duplex stainless steel, accounting for 0.8% of crude stainless steel output.

The scale of import and export has increased substantially.

In terms of import and export, China's stainless steel imports have fluctuated since 20 16. In 20021year, China imported 2.927 million tons of stainless steel, an increase of1123,000 tons, an increase of 62 19%. Among them, imported stainless steel billets1356,000 tons, an increase of 492,000 tons, a year-on-year increase of 56.98%.

Different from the performance of the import market, China's stainless steel exports have shown a downward trend since 20 16. In 2020, the national stainless steel export was 3416,900 tons, a decrease of 255,400 tons over the previous year and a decrease of 6.95%.

According to the data of the General Administration of Customs, in 20021year, China exported 4.46110,000 tons of stainless steel, an increase of110,400 tons, an increase of 30.55%. The decline in export volume has improved.

Domestic demand continues to rise.

Judging from the consumption of stainless steel, the apparent consumption of stainless steel in China is generally on the rise from 2015 to 2020. The data shows that in 2020, the apparent consumption of stainless steel in China will keep increasing, with an apparent consumption of 256 10000 tons, up by 6.50% year-on-year.

In 202 1 year, China's stainless steel consumption continued to grow. The annual apparent consumption of stainless steel was 26 10 1 10,000 tons, an increase of 493,000 tons, an increase of 1.92%.

For the above data, please refer to Foresight Industry Research Institute's China Stainless Steel Industry Development Prospect Forecast and Transformation and Upgrading Analysis Report.