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Overcapacity causes potential danger for stainless market

12 Apr 2007 17:18 reported by Monica Tsai

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The stainless market is possible to be affected and threatened in the future due to the reasons of high nickel price, global overstock and oversupply.

The stainless steel output was over 27 million tons in 2006, upped by 17 percent compared to previous year.

Also the price climbed two times higher than before, but it could bring the profit loss in the future.

However, it is commented that the stainless growth in this year will be likely to be slower and drop by 4.4 percent compared to the rapid growth in the past two years because main suppliers in Asia, including Taiwan, South Korea and Japan are losing their market share in China.

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