MYSTEEL: China stainless output surges 17% in 2019
Jan 22, 2020 17:30
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China’s production of crude stainless steel exceeded 30 million tonnes to reach 31.19 million tonnes for the whole of 2019, representing a sizzling year-on-year increase of 16.8%, according to Mysteel’s survey among the country’s 33 domestic stainless makers released on January 21. The survey sample contains the Indonesia plant of Tsingshan Holding Group, the largest stainless steelmaker headquartered in East China’s Zhejiang province.
Among the total production for 2019,
that of 200-series stainless saw the sharpest year-on-year increase of 19.4% or
1.62 million tonnes to reach 9.97 million tonnes, accounting for 32% of the country’s
total stainless output, according to the survey.
The substantial growth was mainly
thanks to the increased output at Guangdong Guangqing Metal Technology Co