Tag: china
China creates SS tension
According to Meps, Korea-based Posco has inaugurated its new stainless steel melting shop in China last month – an addition which consolidates China’s recently-won position as the world’s largest stainless steel producing country.
SS output to rise in China
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.
Chinese SS prices stabilise
Chinese domestic market prices of austenitic flat-rolled stainless have risen more than RMB 1000/tn since the middle of October, Steel Business Briefing learns from industry sources.
China: MTG pilot plant
Uhde has been awarded a contract by the Chinese company Shanxi Jincheng Anthracite Coal Mining Co. Ltd for the engineering and supply of a methanol-to-gasoline (MTG) plant.
SS product mix realignment
China’s stainless steel industry is looking to realign its product mix to low nickel grades due to acute shortage and high prices of nickel and promote production and utilization of ferrite stainless steel.
China to face excess SS
China, which is dependent on import of stainless steel at present, is likely to face an overcapacity situation in coming years.