December 04, 2008

Chinese SS output expected to reach 9 million tonnes in 2015

It is reported that during the stainless steel industry meeting in China participants expressed that Chinese stainless steel output would reach 9 million tonnes in 2015. Besides, its stainless steel crude steel's production capacity will be 10 million tonnes in 2007 accounting for around 33% of the total production capacity in world.

According to the Chinese Special Steel Association, the government is supporting some stainless steel projects by Baoxing, Shanghai Krupp Stainless and POSCO. Therefore, the cold rolled production capacity increased to 5.5 million tonnes.

On the other side, the Chinese government also encourages the technology renovation of Tisco and Baosteel to increase the HR production capacity.