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China crude stainless steel output tops 16 million tonnes in ’12

Keywords: Tags  crude stainless steel, 200-series, 300-series, 400-series, China Stainless Steel Council, CSSC

SHANGHAI — China’s crude stainless steel production rose 14.2 percent to 16.09 million tonnes last year, according to the China Stainless Steel Council (CSSC).

Production of 300-series material rose 9.5 percent from 2011 to 7.93 million tonnes, accounting for 49.3 percent of the country’s total stainless production; 400-series output rose nearly 3 percent to 3.21 million tonnes (19.9 percent of stainless production); and 200-series production increased 32.4 percent to 4.95 million tonnes (30.8 percent of stainless output).

China’s stainless steel industry suffered from a volatile market in 2012, which made the stable 200-series products more favorable.

The country’s stainless imports fell 14.3 percent to 772,000 tonnes last year, and exports declined 8.1 percent from 2011 levels to 2.06 million tonnes. Apparent consumption was 12.86 million tonnes, up 16.4 percent from 2011.

China’s self-sufficiency rate rose 3.25 points last year to 94 percent.

The CSSC revised its 2011 production data to nearly 14.1 million tonnes and apparent consumption to almost 11.1 million tonnes.

A version of this article was first published by AMM sister publication Steel First.

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