China's stainless steel output rose 21.2% year-on-year to 10.69 million mt in January-June, according to data released Wednesday by the Stainless Steel Council of China Special Steel Enterprises Association (SSC).
There was a rise in output of all stainless grades. The production of 300-series stainless steel increased 27.3% year-on-year to 5.56 million mt in the first six months of the year.
The output of 200-series and 400-series stainless steel totaled 2.89 million mt and 2.25 million mt respectively in January-June. These were increases of 13% and 18.1% respectively compared to the same period last year.
Chinese stainless steel exports rose by 54.5% on the year to 1.95 million mt in the first half of the year. Stainless steel imports had also risen by 31.5% year-on-year to 451,000 mt in the period.
China's apparent stainless steel consumption had risen by 13.5% on the year to 7.91 million mt in January-June.
The country's stainless steel self-sufficiency ratio was at 94.3% in January-June, down 0.7 percentage points due to a rise in imports, SSC said.
Source: Platts
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