18. Cooperation Project of Newly Built Stainless Steel Slab Production Line in Benxi
Overview of the project
Necessity of Project Construction
In recent years, China has become one of the countries with the fastest growth of output and the largest amount of both consumption and import of stainless steel. But the per capita consumption of stainless steel goes lower than the average level in the world. It is estimated that the consumption of stainless steel in 2010 will climb up to over 10 million tons in China including more than 65 percent of sheet steel. From the point of stainless steel production capacity released by present projects under construction and future projects planned to be established, hardly can the needs of domestic market be satisfied. Especially, the big gap between the supply and the need of rolling stainless steel occurs which provides a good chance for further market expansion and production development.
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