CBIES AUTOMOTIVE |The Total Stainless Steel Output Of China And Indonesia Accounts For About 2/3 Of The World's Output.
According to MEPS, a British steel research institute, global stainless steel production is estimated to be 56.5 million tons in 2022, a year-on-year decrease of 3.07% (previously MEPS predicted that global stainless steel crude steel production will reach 58.6 million tons in 2022. The total output of China and Indonesia accounts for about 50% of world output 2/3. According to the data released by the International Stainless Steel Forum (ISSF), the global output in the first half of 2022 was 28.995 million tons, a year-on-year decrease of 3.49%. China, Europe, Asia (excluding China and South Korea), and the United States accounted for 56.4% respectively %, 12.5%, 13.2%, and 3.8%, and the remaining regions accounted for 14.1%. The reduction is mainly due to weak demand and accident interference. Among them, China's stainless steel production is mainly dragged down by the epidemic, real estate, and exports; Europe is affected by soaring energy costs, and a large amount of stainless steel The plant was shut down; South Korea's POSCO steelmaking plant suffered a flooding accident, and production resumed slowly; smelting activities in Taiwan, China were dragged down by high inventory on the island and sluggish end-user demand; Weak and reduced production.
With the impact of the epidemic fading and policy support, China's economy is expected to usher in a recovery. It is expected that the global stainless steel industry will usher in a recovery in 2023, with output increasing by 4.5%. Among them, China's stainless steel output was 35.11 million tons, a year-on-year increase of 5%; Indonesia's stainless steel output was 5.5 million tons, a year-on-year increase of 14.58%.
In 2022, China's economy will face the triple pressure of "demand contraction, supply shocks, and weakening expectations". The repeated epidemics and the downturn in real estate will restrict the upward recovery of the economy. Against the background of overseas interest rate hikes and deepening trade barriers, exports will be under pressure. In 2022, the apparent consumption of stainless steel in China is expected to be 25.3 million tons, a year-on-year decrease of 3.1%. According to ISSF data, China's per capita apparent consumption of stainless steel in 2021 will be 19.76 kg, surpassing Japan and Germany, but there is still a large gap with Italy and South Korea's per capita consumption of about 34 kg, which has consumption potential.
Stainless steel is a special steel, which belongs to the scope of new high-quality special steel materials in the country. At present, the planned production capacity of stainless steel is still relatively large. Under the pressure of the dual-carbon policy, the approval of stainless steel production capacity in the future may be more cautious, and the late project implementation of planned production capacity may also be more difficult. However, domestic enterprises have begun to actively deploy in Indonesia. CBIES AUTOMOTIVE has a deep understanding of this during the Indonesian exhibition that it participated in May. In the future, Indonesian stainless steel will succeed China and enter an era of rapid expansion of production capacity. Great guarantee.
As a leading auto parts manufacturer in China, CBIES AUTOMOTIVE has obtained IATF16949:2016, ISO 9001:2015, ISO14001:2015, ISO45001:2018, and other certifications. We have a strict internal quality control system, a professional QC team, and the introduction of advanced equipment. For the future market layout, we have great confidence and can ensure that all products can fully meet our customers' requirements and international standards.
Information Sources:https://www.chinairn.com/hyzx/20230103/091858888.shtml