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Analysis Of China's Stainless Steel Industry Market Supply And Demand Status in 2021

May 24 2023

Major listed companies in the stainless steel industry: At present, relevant listed companies in the domestic stainless steel industry include TISCO Stainless (000825), Anshan Iron and Steel Co., Ltd. (000898), Jiugang Hongxing (600307), Yongxing Special Steel (002756), Jiuli Special Material (002318) ), Fushun Special Steel (600399), etc.


The core data of this article: China's stainless steel production data, China's stainless steel production structure data, etc.


Production growth momentum remains

China's stainless steel production has a history of 40 years. As China's economy continues to grow at a high speed, it will help the stainless steel production and processing industry continue to grow. In recent years, the output of stainless steel has increased year by year. In 2020, China's stainless steel crude steel output will reach 30.14 million tons, an increase of 740,000 tons from 2019, an increase of 2.5% year-on-year.


As of the first half of 2021, the national stainless steel crude steel output was 16.24 million tons, an increase of 2.8 million tons compared with the same period in 2020, a year-on-year increase of 20.8%.


In terms of the proportion of steel grades, 300 series stainless steel accounts for nearly half of the stainless steel market share. In 2020, 300 series stainless steel accounts for 48.01%; the 200 series market share continues to increase, from 27.71% in 2014 to 2020 21.19%; The 400 series stainless steel market share has experienced continuous decline and rebounded in 2016. By 2020, the market share will reach 19.80%.


In the first half of 2021, the output of Cr-Ni series stainless steel was 7.7116 million tons, accounting for 47.5% of the output of crude stainless steel; the output of Cr-Mn series stainless steel was 5.0788 million tons, accounting for 31.3% of the output of stainless steel crude steel; the output of Cr-series stainless steel was 332.10 10,000 tons, accounting for 20.4% of the output of stainless steel crude steel; 130,000 tons of duplex stainless steel, accounting for 0.8% of the output of stainless steel crude steel.



Different import and export trends

In terms of import and export, since 2016, China's stainless steel imports have shown a fluctuating trend. As of the first half of 2021, the country imported 1.4884 million tons of stainless steel, an increase of 772,200 tons, an increase of 121.31%; among them, imported steel billets were 625,400 tons, a year-on-year increase of 159.32%; imported stainless steel scrap was 29,800 tons.


Different from the performance of the import market, China's stainless steel exports have shown a downward trend since 2016. In 2020, the national stainless steel exports amounted to 3.4169 million tons, a decrease of 255,400 tons from the previous year and a year-on-year decrease of 6.95%.


As of the first half of 2021, the country exported 2.189 million tons of stainless steel, a year-on-year increase of 576,100 tons, an increase of 35.72%.



Domestic demand continues to increase

From the perspective of stainless steel consumption, from 2015 to 2020, China's apparent consumption of stainless steel shows an overall upward trend. The data shows that China's apparent consumption of stainless steel will maintain a growth momentum in 2020, with an apparent consumption of 25.61 million tons, a year-on-year increase 6.50%.


As of the first half of 2021, the national apparent consumption of stainless steel was 13.88 million tons, an increase of 2.7 million tons year-on-year, an increase of 24.2%.


The above data refer to the "China Stainless Steel Industry Development Prospect Forecast and Transformation and Upgrade Analysis Report" by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, park planning, and industrial investment promotion. Solutions such as investment attraction, IPO fundraising feasibility study, and prospectus writing.

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