[Ferro-Alloys.com]In May 31st, Ferro-Alloys.com held the 10th China Ferro-Alloys International Conference in Shanghai, at which Mr. Lee Long made the report on the development of the Chinese steel and the stainless steel industry. As the stainless steel head of the China Metal Materials Circulation Association, Mr. Lee Long stressed the close relationship between the stainless steel and the ferroalloys industry. On the report, it was roughly calculated that the total consumption of nickel, chrome and manganese alloys was 7million tons every year, accounting for 20% of the total production of the alloys.

 

Referring to the overcapacity of the stainless steel, Mr Lee said modest surplus was better than shortage, as in the past China had to buy the stainless steel products from abroad for the shortage of domestic market, and therefore the economy was restricted to the foreign market. so the government should let this industry develop in accordance with the market laws other than released strict policies to control. For the development of later market, he said, in the next few years, the stainless steel market would continue to keep the growth trend, and the demand for ferroalloys of the stainless steel would be a new level.

 

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