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Article: ENTRY INTO WTO TO IMPACT ON CHINA'S STAINLESS STEEL INDUSTRY.
- Article from:
- AsiaPulse News
- Article date:
- January 6, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Jan 6 Asia Pulse - Experts here said that China's accession to WTO will have a great impact on China's stainless steel industry.
China's demand for stainless steel has grown very rapidly. Consumption of stainless steel rose from 500,000 tons to 1 million tons within 5 years in China but the same amount to Japan 15 years. It is estimated that the demand for stainless steel will reach 1.5 million tons by 2000, 2 million tons by 2005 and 2.5 million tons by 2010.
Statistics show that less than 30% of the total demand could be satisfied by domestic supply. Some 680,000 tons were imported in 1998 and 720,000 tons were imported in the first ...