In 2014 in China, it noted the use of stainless steel at 17,464,000. Tons. Annual growth was 11%, which is, however, lower than in 2013. According to data provided by China Customs, the export volume in 2014 amounted to 3.852 million. Tons. This figure is 43.4% higher than the previous delivery period.
Release of stainless steel Chinese producers amounted to 23,161,000. Tons in 2014. Thus, the annualized growth was 16.4%. China produces 50% of the stainless steel of the world total, while it is inherent in a low supply capacity. The trend to a slowdown of the Chinese economy is not a novelty. Foreign markets for China's perspective is very questionable, the cost of the export products is constantly decreasing. Because it is not surprising that the leading industrial metallurgical enterprises of the country are in constant search of new business.
Given the current situation, Beijing has decided to apply the strategy of «One Belt and One Road». Its main goal — the creation of new products for the Chinese market through the introduction of Chinese investment in the infrastructure of the countries with lower levels of development. Experts believe that this strategy will provide additional opportunities China. Economists are of the opinion that OBAOR has enough advantages for the economy on a global scale. However, it is undeniable, and the dubious side of the strategy, considering that Chinese investments are often lower demand for the products of China.
Analysts predict 2015 will be the top bar for the production and consumption of steel in China. In 2016, China's metallurgical sector is expected to decline. This year, the estimated volume of steel production will amount to 806 million. Tons. In 2016, this figure dropped to a record level of 801 million. Tons. In 2017, the figure will be 795 million. Tons. Morgan Stanley experts predict the average cost of iron ore in 2015 at the level of 79 USD / ton. Low prices of the previous year due to increase in supply. By the end of this year is expected to end suggestions capacity. Analysts expect that the producers with high production costs leave the market.
In 2014, demand for steel products in the PRC decreased by 3,4% and amounted to 738.3 million. Tons. Production increased by 0.9% to a record level of 822.7 million. Tons. At the same time over the past two years, data growth rates are minimal.