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Home » FAQs » China's crude steel production hit a record high last year
China's crude steel production hit a record high last year
2017-02-11 14:57:09

The day before, Chinese Stainless Steel Special Steel Enterprises Association Branch released 2016 China crude stainless steel production, import and export and consumption statistics.           2016, China's crude steel output reached 24 million 937 thousand and 800 tons, an increase of 3 million 375 thousand and 600 tons, an increase of up to 15.65%, a record high. Among them, Cr-Ni (300) steel production was 12 million 691 thousand tons, an increase of 1 million 482 thousand and 200 tons, an increase of 13.22%, the proportion was 50.89%, down 1.09 percentage points; Cr steel (400) production was 4 million 845 thousand and 600 tons, an increase of 876 thousand and 500 tons, an increase of 22.08%, the share of 19.43%, an increase of 1.02 percentage points; Cr-Mn steel (200, including the part does not meet the national standard products) production was 7 million 317 thousand and 900 tons, an increase of 990 thousand and 200 tons, an increase of 15.65%, the proportion was 29.34%, down 0.01 percentage points.           2016, China imported stainless steel is estimated at 770 thousand tons, an increase of 44 thousand tons, an increase of 6.06%; exports of stainless steel is estimated at 3 million 880 thousand tons, an increase of 464 thousand tons, an increase of 13.58%.           2016, China's apparent consumption of stainless steel is estimated at 18 million 835 thousand and 300 tons, an increase of 2 million 550 thousand and 600 tons, an increase of 15.66%.           2016, China's stainless steel output reached a record high, reaching 83254 tons, an increase of more than 26632 tons in 2015, an increase of up to 47.03%. In addition, in 2016 China's domestic stainless steel self-sufficiency rate reached 95.91%.           Analysts said the strong rebound in steel prices is the main reason for the significant increase in China's stainless steel production. In mid December 2016 304 cold-rolled stainless steel prices since the end of January lows close to 60%.

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