Stainless Crude Steel Production in China to Increase to Over 25 Million Tons in 2020

Stainless crude steel production in China is expected to increase to over 25 million tons in 2020. Though appearance consumption increase to over 20 million tons, supply-demand gap will expand to 5 million tons. Production capability has reached to 25 million tons yet. When equipments which is planned to build, completed, it exceeds 30 million tons near future. For the present, excess capacity in China contributes global product price downslide, downswing of firms, trade row. China apprehend effect by more increased production, and accelerate qualitative improvement of product and development of domestic market.