China stainless steel production inched up 0.7% in November
Production of stainless steel in China inched up in November, after two consecutive months of decline, as 200-series producers recovered from maintenance.
SMM data showed that 2.42 million metric tons of stainless steel was produced in China last month, up 0.71% from a month ago and 8.11% from a year ago.
The recovery from maintenance boosted production of 200-series by 3.24% on the month to 797,000 metric tons, while production of 300-series shrank 2.15% to 1.17 million metric tons as Zhangjiagang Pohang and Delong at the end of the month began annual overhaul that is scheduled to continue through to early December.
Some loss-making 300-series producers shifted to 400-series last month, which also helped lower production of 300-series and lifted that of 400-series. With profits remaining stable, production of 400-series increased 4% last month to 460,700 mt.
Changing Parameters in World Stainless Steel Market
World stainless steel markets are in a state of transformation, due to shifts in the established patterns of supply and demand. This has resulted in diverse production trends, across different regions. Moreover, pricing has become detached from raw material costs.
The latest crude stainless steel production figures, from the International Stainless Steel Forum, show global output growing by 3.4 percent, in the first three quarters of this year, compared with the same period in 2018.
However, within these numbers are significant variations. Chinese output rose by 11.7 percent, year-on-year, in the nine months surveyed, while production fell by 7.2 percent, in the European Union, and by 7.5 percent, in the United States, during the same timeframe.
AIRLAB 3D Prints Stainless Steel Components for Pavilion
Built using more than 200 rods connected by 54 3D-printed steel nodes the temporary pavilion was created by the Architectural Intelligence Research Lab, based at the Singapore University of Technology and Design. Called AIRMESH, it is the product of five years of researching and was assembled in two days using only hex keys. Designed to remain on its site for three years, the pavilion has been oriented to frame four key views for visitors to the Grant Associates and Wilkinson Eyre Architects-designed park: the nearby Dragonfly River, the SG50 Dome, the garden’s entrance path and the rooftop of the Moshe Safdie-designed Marina Bay Sands Hotel.
Drawings its shape from what AIRLAB describes as a “three-dimensional complex neural network,” the pavilion’s tetrahedral design means it is able to withstand loads of 16 times its 700 kilogram weight despite its delicate appearance.(Steelguru, 7 January 2020)Read More
Global crude stainless steel output up 3.4% in Q1-3
Global production of crude stainless steel amounted to 39.81 million metric tons in the first three quarters, 3.4% higher than the same period a year earlier, showed data from International Stainless Steel Forum (ISSF).
During the same period, production in mainland China rose 11.7% to 22.49 million metric tons, contributing to the global growth as output in other regions of the world, such as Europe, the US, and the Asian region excluding mainland China, all declined from a year ago.
ISSF data also indicated that the world’s production of crude stainless steel in the third quarter stood at 13.69 million metric tons, up 2.2% from the second quarter. Output in mainland China accounted for 8.14 million metric tons, 6.1% higher on the quarter.
China stainless steel production growth to slow in 2020
China’s production of stainless steel is expected to rise 5% in 2020, slowing from an 11% increase amid concentrated release of production capacity this year.
SMM also estimates a compound annual growth rate (CAGR) of 2% for domestic stainless steel production in the next three years.
In Indonesia, the increase in stainless steel capacity is forecasted at around 33% in 2019-2020, contributed by Delong’s Indonesian projects.
Indonesia’s abundant resources of lateritic nickel ore, which provides the key ingredient in stainless steel, have prompted foreign investors to build smelters and stainless steel plants in the country. But its capacity utilisation rate for stainless steel will be capped given top consumer China’s anti-dumping duties on stainless steel products from Indonesia.