The global stainless steel production and consumpt

2022-07-28
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The global stainless steel production and consumption will continue to grow this year and next.

according to the prediction of HSBC, the global stainless steel production will increase by 4.0% year-on-year in 2015 and 4.1% in 2016. According to the prediction of HSBC, the global stainless steel production in 2015 will increase by 4.0% year-on-year and further increase by 4.1% in 2016. The bank said that China will become the main driving force for the supply growth of the global stainless steel market, and with the increase of China's economic growth and stainless steel consumption intensity, China's domestic stainless steel demand will continue to expand

HSBC said in its latest report that during, the global stainless steel demand is expected to achieve an average annual compound growth rate of 4.6%, which will support the nickel demand. The bank said that during this period, the demand for stainless steel in China and the United States will show a strong growth momentum, with an average annual compound growth rate of 6.6% and 6.3% respectively

HSBC said that due to limited supply, the future prospect of nickel is bullish. From the perspective of market supply, India's new regulations do not provide absolute error requirements for deformation indicators. Nicaea's ban on nickel ore export has worsened the supply situation. At the same time, new projects are still trying to put into operation. The bank predicts that the nickel price will rise to $22000/t in 2016, but will decline to $21000/t in 2017

the continuous growth of global stainless steel production will support the demand for ferrochromium. However, HSBC predicts that the price of ferrochromium will remain low due to excess supply in the market, and will reduce the price of ferrochromium in 2015. It will focus on developing high-precision molds such as automobile molds, plastic molds for household appliances, electronic and communication plastic molds and plastic molds for building materials. It will teach you the selection skills of portable Rockwell hardness testers and desktop Rockwell hardness testers The multi-functional composite mold was reduced to $1.12/lb and to $1.18/lb in 2016

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