Development of stainless steel industry in my country

  The development and progress of my country's stainless steel industry has been relatively late. From the founding of the People's Republic of China to the period before reform and opening up, my country's demand for stainless steel was mainly for cutting-edge applications in industry and national defense. After the reform and opening up, the rapid development of the national economy and the significant improvement of people's living standards have boosted the demand for stainless steel. After entering the 1990s, my country's stainless steel industry entered a period of rapid development, and the growth rate of stainless steel demand was much higher than the global level. Since 1990, global apparent consumption of stainless steel has grown at an average annual rate of 6%. In the 10 years of the 1990s, my country's apparent consumption of stainless steel was 2.9 times the world's average annual growth rate. Entering the 21st century, my country's stainless steel industry has grown rapidly.
        From 2000 to 2006, the average annual growth rate of stainless steel consumption in my country was more than 21.17%. Among them, in 2001, my country's apparent stainless steel consumption reached 2.05 million tons, surpassing the United States to become the world's largest stainless steel consumer. In 2008, China's apparent stainless steel consumption reached 6.24 million tons, a year-on-year decrease of 5.17%.
        In November 2011, my country's stainless steel production increased by 11.1% to 12.5 million tons. Produced 336,800 tons of stainless steel products, a year-on-year increase of 65.25%. Among them, Guangdong Province is the main production base of stainless steel products in my country, with its output reaching 1.837 million tons, a year-on-year increase of 41.76%, accounting for 78.62% of the country's total output.
The supply of chromium and nickel in the raw materials of my country's stainless steel industry exceeds demand abroad, but is in short supply in my country; stainless steel has overcapacity, supply exceeds demand, and profit margins fluctuate frequently. As competition in the stainless steel industry continues to intensify, mergers, acquisitions, integrations and capital operations among large stainless steel production companies are becoming increasingly frequent. Excellent domestic stainless steel production companies are paying more and more attention to the research of the industry market, especially the changes in the corporate development environment and customer demand trends. Dig deeper. Because of this, a large number of excellent domestic stainless steel brands have risen rapidly and gradually become leaders in the stainless steel industry! For example, Huaye Stainless Steel, etc.