China Stainless Consumption To Leap Over 10 percent

摘要

Industrial sources predicted china stainless consumption in 2003 will obtain 10 percent growth rate at least, with whole year volume over 3.5m tonnes. China largest stainless producer, Taiyuan Iron & Steel Group (TISCO), has spearheaded in the row of top ten global stainless suppliers, with steel melting capacity 1m tpy and rolling capacity 700,000 tpy. In Shanghai, new stainless project in Shanghai No. 1 Steel works, Baosteel Group, will come into stream by end of year, which is expected to add its capacity by 800,000 tpy on crude steel and 700,000 tpy on HR products. Joint ventures are also ongoing capacity increase. Zhangjiagang POSCO and Ningbo Baoxin will double their cold rolled clouts up to 300,000 tpy and 200,000 tpy respectively. Germany Krupp has set up ultimate target 400,000 tpy for its holding arm SKS in Shanghai.