According to statistics, China's stainless steel crude steel production in the first three quarters of 2024 was 28.63 million tons, an increase of 0.96 million tons, an increase of 3.45%; apparent consumption was 23.7 million tons, an increase of 0.4 million tons, an increase of 1.73%. It is expected that the annual stainless steel crude steel production will remain at 38 million tons to 38.5 million tons, an increase of 3.5% to 5%.

Increase in exports

Stainless steel exports are expected to reach 5 million tons in 2024, an increase of about 900,000 tons year-on-year; imports of about 2 million tons, basically flat year-on-year; net exports expanded to about 3 million tons, an increase of nearly 950,000 tons year-on-year, an increase of about 46%.

Accelerate the pace of scientific research and innovation

Stainless steel industry continues to accelerate the pace of scientific research and innovation, product applications to further expand. For example, TISCO developed high-strength corrosion-resistant stainless steel composite material TE4003C5 successfully realized the first, Qingtuo 2205 duplex stainless steel plate was first applied to chemical ships, etc.