9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

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.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024

World crude steel production increased by 0.4% in October

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now