Chinese stainless steel output is forecast to rise by 60% this year to 5.1 million tonnes and the Chinese consumption could rise by 16% to 6.15 million tonnes with imports reaching 2.6 million tonnes versus exports of just 0.6 million tonnes. China’s SS capacity has been climbing rapidly and by the end of the year could reach 12 million tonnes, out of which 8 million tonnes of capacity was built in 2005 and 2006.
