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Article: STAINLESS STEEL MARKET IN CHINA UP.
- Article from:
- AsiaPulse News
- Article date:
- February 16, 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, Feb 16 Asia Pulse - China's market demand for stainless steel has grown rapidly in recent years.
Official statistics show that it took only five years for the apparent consumption of stainless steel plates to increase from 500,000 tons to one million tons as against 15 years in Japan. If calculated at this speed, the country's market demand will top 1.5 million tons by 2000, two million tons by 2005, and 2.5 million tons by 2010.
China meets only less than 30% of its stainless steel demand at present, and the rest has to be imported. Chinese Customs statistics show that China imported 680,000 tons of stainless steel in 1998 (if smuggling was ...