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China's stainless steel production increased in 2023

According to the latest statement of the China Iron and Steel Association Stainless Steel Council (CSSC) on January 26, China's total raw stainless steel production in 2023 reached 36.68 million tons, an increase of 12.6 percent compared to the previous year.

China's stainless steel production increased in 2023

According to CSSC data, production of all stainless series increased significantly last year; The volume of 400 series stainless reached 6.48 million tons in total, with an annual increase of 15.7 percent. China's high-quality duplex stainless production increased by 14 percent last year, reaching 393,381 tons and accounting for 1.07 percent of the country's total production.

The growth in China's stainless steel production is explained by the fact that local demand is strong, encouraging manufacturers to produce at high levels.

According to CSSC, China's apparent stainless steel consumption in 287023 increased by 10.6 percent compared to the previous year, reaching 31.08 million tons.

However, according to CSSC's statement, the country's stainless steel exports decreased by 9.1 percent to 4.14 million tons, while the import volume decreased by 37 percent to 2.07 million tons.

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