Citing figures with the China Iron and Steel Association (CISA), Xinhua has reported that China has remained the world’s number one producer of stainless steel in 2007 accounting for more than 25% of the global output. Mr Li Cheng chairman of the stainless steel council under the CISA said that “China churned out some 7.2 million tonnes of stainless steel in 2007 or more than one quarter of some 28 million tonnes of global output.”
