CONF: China’s 2020 stainless demand to hit 25.5 mln t
Dec 03, 2020 14:40
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Stainless steel consumption in China is expected to reach 25.5 million tonnes this year, higher by 1 million tonnes or 4.2% on year despite the impact of COVID-19, and by 2025 the country’s stainless consumption will exceed 35 million tonnes, according to Liu Yanping, secretary general of Stainless Steel Council of China Special Steel Enterprises Association (CSSC).
Addressing delegations Thursday at the 2021 Mysteel Ni-Cr-Stainless Steel-New Energy Annual Conference in Wuxi city, East China’s Jiangsu province, Liu stated that the positive stainless growth China is enjoying now is better than markets had expected. At the beginning of this year, the operations of many Chinese stainless steelmakers and