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2018 Stainless Steel Industry Trends

Jun 07, 2018

(1) Integration Trend of Stainless Steel Industry Chain

The relationship between nickel and stainless steel is similar to that of iron ore and Pu-Steel. To a certain extent, the current status of Pu-Steel enterprises is to “strive for the upper reaches”, improve the industrial chain structure, and reduce earnings volatility. It is expected that stainless steel companies will control nickel and chromium upstream in the future. The development trend.

(2) The trend of merger and reorganization of stainless steel industry

There is a high probability that European stainless steel companies will continue to restructure in the future, with a view to further increasing industrial concentration and integrating their effective competitiveness in the global market.

Under such circumstances, the reorganization of ice in the stainless steel industry in China with low industrial concentration is also a general trend. The possibility of mergers and reorganizations among stainless steel companies with an annual output of more than 150,000 tons is greater, and industry concentration will be further enhanced.

(3) Upgrading trend of industrial structure in the stainless steel industry

The upgrading of industrial structure and technological progress are currently the top priorities for all industries in China. In terms of the stainless steel industry, upgrading the technological level and expanding the production and consumption share of the 400-series and duplex stainless steel products are the development trends of Chinese stainless steel companies. In fact, the current global Leading stainless steel companies are focusing on investment and R&D in this area.

(4) Globalization trend of stainless steel industry

China is currently the world’s largest stainless steel producer, but it is not yet a strong country. In the process of becoming a world’s stainless steel powerhouse, it will gradually establish overseas (merger-purchasing) stainless steel production bases. This aspect can avoid the export risks brought by trade protectionism. On the other hand, it is more conducive to timely understanding of the local market demand and enhancing the competitiveness in the local market.