The national development and reform commission, the ministry of finance issued a notice to expand the implementation of large-scale equipment renewal and consumer goods trade-in policy.

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.

The nickel alloy industry shows the development trend of continuous expansion of market scale, expanding application fields, technological progress and high performance, environmental protection requirements and green production, as well as fierce competition in the market. In the future, with the continuous development of the global economy and the advancement of science and technology, the nickel alloy industry will usher in more development opportunities and challenges.

according to China Customs data statistics, in October 2024, the domestic stainless steel imports of about 158,300 tons, an increase of 38,400 tons, an increase of 32.1%; year-on-year decrease of 126,000 tons, a decrease of 44.3%. Import regions are dominated by Indonesia, Japan and South Korea.

Export volume: according to the customs data, from January to October 2024, China's stainless steel export volume accumulated about 4.139 million tons, an increase of 814,000 tons, an increase of 24.5%.

Ideal Automobile Self-developed High Toughness Stainless Steel off the Production Line
RISO has recently successfully self-developed high-tensile stainless steel materials and realized the production line.

According to the recent market dynamics, the price of stainless steel 304 varies in different regions and under different specifications. For example, the price of stainless steel decorative round pipe and seamless pipe in the Sichuan market has remained stable within a certain range, with specific prices varying according to pipe diameter and wall thickness.

Stainless steel futures prices rose between late September and the first half of October 2024, but then retraced their steps between the second half of October and mid-November.