Global stainless steel production increased to about 60 million tons in 2024, with a year-on-year increase of 2.6%~2.7%.

China, as the world's largest producer and consumer of stainless steel, its production accounted for more than 55% of the world for a long time, the development of the global stainless steel industry has an important impact.

China's stainless steel industry development status quo

China's stainless steel industry is currently characterized by low demand, low earnings, high supply and high risk. Affected by this, the future of new stainless steel production capacity will be generally delayed, and the supply and demand pattern will also undergo profound changes.

Despite the many challenges, China's stainless steel industry is still actively promoting high-quality development, strengthening technological innovation and industry self-regulation.

Second, technological innovation and breakthrough

High-end stainless steel products and technology research and development

Chinese stainless steel enterprises have made significant progress in the research and development of high-end products. For example, TISCO successfully developed the width and coil weight of the world's largest lanthanum-containing iron-chromium-aluminum plate, the product's key components control level and high-temperature performance of the international leader.

In terms of key component materials for advanced ultra-supercritical power station boilers, China has also successfully realized localization and broken the foreign monopoly.

Stainless steel materials in green building applications

Stainless steel materials are widely used in the field of green building due to their inherent advantages such as high strength, corrosion resistance and full life cycle. For example, the Taishan Iron and Steel Zibo Stainless Steel Application Innovation Base project is the first stainless steel whole building customized green building project in China, demonstrating the perfect integration of stainless steel and green building materials.