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The history of the development of stainless steel in China Jun 06, 2018

The development of the stainless steel industry in China was relatively late. Before the reform and opening up since the founding of the People's Republic of China, the demand for stainless steel in China was mainly based on the advanced use of industry and national defense. After the reform and opening up, the rapid development of the national economy and the remarkable improvement in people’s living standards have boosted the demand for stainless steel. After entering the 1990s, China's stainless steel industry entered a period of rapid development, and the growth rate of stainless steel demand was far higher than the global level. Since 1990, the apparent consumption of stainless steel in the world has grown at an average annual rate of 6%. In the 10 years of the 1990s, the apparent consumption of stainless steel in China was 2.9 times the world average annual growth rate. In the 21st century, the stainless steel industry in China has grown rapidly.


With the implementation of the Western Development Strategy, the in-depth development of projects such as West-to-East Power Transmission, West-East Gas Transmission, South-to-North Water Diversion, the Three Gorges Project, rural power grid, and the second-generation network of urban power grids, China's hot-dip galvanizing industry has entered a new round of high-speed development stage.

 In China, the supply of chromium and nickel in the stainless steel industry exceeds demand in foreign countries, but in China, the supply is in short supply; stainless steel has excess production capacity, supply exceeds demand, and profitability space fluctuates frequently. With the ever-increasing competition in the stainless steel industry, mergers and acquisitions and capital operations between large-scale stainless steel production companies have become increasingly frequent. The domestic excellent stainless steel production companies pay more and more attention to the research of the industry market, especially the changes in the company's development environment and customer demand trends. In-depth study. Because of this, a large number of domestic excellent stainless steel brands have risen rapidly and have gradually become leaders in the stainless steel industry!