In the second half of 2020 and 2021, China's stainless steel-making projects will be put into production intensively, and the output growth rate was expected to expand compared with 2020.

In 2021, China's stainless steel crude steel output was expected to reach 37 million tons, an increase of about 8.9% year on year.

In addition, as stainless steel production and imports continued to increase, while exports were limited due to foreign trade frictions, the apparent consumption of stainless steel in China will continue to increase.

In 2021, the apparent consumption of stainless steel in China was expected to reach about 31.7 million tons, an increase of 11.2% over the same period last year.

New capacity included Baosteel Desheng's 2.7 million tons, Guangqing's 4 million tons, and Xinhai's 3 million tons.