Thursday, January 01, 2009
According to a forecast made recently by an executive of China Metal Materials Trade Association, the output of crude stainless steel in China for January to December 2008 period is supposed to come to 7.1 million tonnes with a decline of 6.6% from that for the preceding year of 2007. A scale of crude stainless steel to be produced in China for 2008 was expected at the beginning of the year to reach 8.3 million tons per annum but is now anticipated to decrease considerably.
However, according to the data compiled in spring of this year by China Special Steel Producers Association, the output of crude stainless steel in China for the calendar year of 2007 was estimated at 7.21 million tons, consisting of 300 series products with 4.19 million tonnes, 400 series products with 1.84 million tonnes and 200 series products with 1.18 million tonnes.
The quantities of crude stainless steel produced in China for each quarter of 2008 are supposed to be
1. January to March quarter: 1.97 million tonnes
2. April to June quarter: 1.89 million tonnes
3. July to September quarter: 1.65 million tonnes
However, the production activities of crude stainless steel in China for October to December quarter of 2008 have strengthened a basic tone to decrease further. The production of stainless steel in China had expanded amazingly in the past years and it is thought that China produced 5.3 million tonnes of crude stainless steel in 2006 and 7.50 million tonnes in 2007.
(Sourced from TEX Report)