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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%. The import area is dominated by Indonesia, Japan and South Korea, among which the volume of stainless steel imported from Indonesia accounts for a relatively large amount.
In October 2024, the domestic stainless steel export volume of about 417,400 tons, a decrease of 41,100 tons, or 9%; year-on-year increase of 80,900 tons, an increase of 24.1%. The main areas of export are Vietnam, Russia and India, etc., of which the export volume of mainland China exports ranked in the top ten regions accounted for about 56.34%.
Jingjiang Yongjin Phase I project is in the trial production stage after the commissioning, there have been finished coil shipments.
Foshan stainless steel weekly inventory declined, the 300 series cold rolled inventory declined continuously.
2024 China Stainless Steel Industry Annual Conference and China Stainless Steel Industry Development Conference was held in Beihai, Guangxi, China, released the “China Stainless Steel Industry 2024 Annual Work Report”.
The meeting pointed out that the current pain points in China’s stainless steel industry include the decline in demand, fierce homogenization competition, raw materials, such as foreign dependence, and put forward proposals to increase policy support, promote industrial chain upgrading and upgrading, and synergistic and differentiated development.
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