China produced 29.4mn mt of stainless steel in 2019, up by 9.2pc from 26.9mn mt produced in the prior year.
China, the largest stainless producer in the world, produced 13.5mn mt of 300 series stainless steel in 2019, up by 5.5pc from 12.8mn mt in the previous year. The 300 series output constituted 45.9pc of total 2019 stainless steel output, down by 2.11 percentage points.
The 400 series output in 2019 was 5.5mn mt, up by 0.65pc from the previous year, and constituted 18.7pc of total stainless steel production, down by 1.75 percentage points. China’s output of duplex stainless steel rose by 12.6pc to 180,943mt.
In 2019, China exported 3.7mn mt of stainless steel, down by 321,000mt or 8pc from the previous year and imported 1.12mn mt stainless steel, down by 731,400mt or 39.6pc from the previous year.