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Production of 300-series products rose by 690,000 tonnes or 9.54% on an annual basis to 7.93 million tonnes, accounting for 49.27% of the total production.
Production of 400-series products totalled 3.21 million tonnes in 2012. This was 92,000 tonnes more than in 2011 and 19.94% of the total output.
Production of 200-series products reached 4.95 million tonnes, or 30.79% of the total output. That is 1.21 million tonnes more than in 2011.
China’s stainless steel industry suffered from a volatile market in 2012, which makes the stable 200-series products more favourable to mills.
China imported 772,000 tonnes of stainless steel in 2012, down by 129,000 tonnes or 14.32% from the previous year. On the export side, volumes dropped by 181,000 tonnes or 8.06% to 2.06 million tonnes.
China’s self-sufficiency rate in 2012 rose by 3.25 percentage points to 94%.
Apparent consumption for 2012 was 12.86 million tonnes, up by 16.36% or 1.81 million tonnes.
CSSC also published revised data for 2011. The new crude stainless steel output was 14.09 million tonnes, and new apparent consumption was 11.06 million tonnes.
China produced 16.09 million tonnes of crude stainless steel in 2012, up by 14.17% or 1.99 million tonnes year-on-year, according to the China Stainless Steel Council (CSSC).