China's shift to net stainless exporter sparks questions for neighbors
Jun 03, 2010 | 12:27 PM
China, already the world's largest stainless steel producer, will again be a net exporter, according to industry sources.
"China will switch over to a net exporting country by expanding manufacturing capacity in 2011," Kevin Kim, general manager of stainless steel marketing at Posco Ltd., South Korea's largest steelmaker, said at the 5th Asian Stainless Steel Conference in Tianjin sponsored by Metal Bulletin and SMR Steel & Metals Market Research GmbH.
Chinese stainless output reached 8.8 million tonnes last year, up 66 percent since 2006, when China overtook Japan as the world's largest stainless producer, according to the Stainless Steel Council of the China Special Steel Enterprises Association (SSC). Actual production might have been as high as 11.4 million tonnes as SSC omitted output from small private mills.....
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